Loading...
Market
Will Three Mile Island nuclear plant become operational by end of 2028?
3
Constellation Energy•Microsoft•Three Mile Island•Pennsylvania•Crane Clean Energy Center•Constellation
Resolution / Starting Odds
Yes • 50%
No • 50%
Constellation Energy and Microsoft official announcements
Story
Constellation Energy to Restart Three Mile Island Nuclear Plant for Microsoft in 20-Year Deal by 2028
Sep 20, 2024, 12:34 PM
Constellation Energy has signed a 20-year power purchase agreement with Microsoft to restart the Three Mile Island nuclear plant in Pennsylvania. The project involves a $1.6 billion investment to revive the plant, which was shut down in 2019. The plant is expected to be operational by 2028, providing 837 megawatts of carbon-free electricity exclusively for Microsoft's data centers. This marks the first time a U.S. nuclear plant will come back into service after being decommissioned and the first instance where an entire plant's output will be dedicated to a single customer. The deal is part of Microsoft's efforts to secure carbon-free energy to power its artificial intelligence data centers, reflecting the growing demand for clean energy in the tech industry. Additionally, the agreement will pave the way for the launch of the Crane Clean Energy Center and aims to cut 3 million tons of CO2 emissions. Constellation will pursue a license renewal to extend plant operations to at least 2054.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
On Schedule • 25%
Ahead of Schedule • 25%
Behind Schedule • 25%
Significantly Behind Schedule • 25%
Fully Operational • 25%
Partially Operational • 25%
Non-Operational • 25%
Delayed due to Regulatory Issues • 25%
2027 • 25%
2028 • 25%
2029 or later • 25%
Never • 25%
Yes • 50%
No • 50%
Completion of Initial Assessments • 25%
Start of Construction • 25%
Completion of Construction • 25%
Start of Operations • 25%
Yes • 50%
No • 50%
Less than 500 MW • 25%
500 MW to 700 MW • 25%
701 MW to 835 MW • 25%
More than 835 MW • 25%