The US Department of Energy has provided a $1.9 billion loan to NextEra Energy to refurbish the Duane Arnold nuclear power plant in Iowa, marking a major step in reviving nuclear power to support growing electricity demand from AI data centers. This follows a similar $1 billion loan to restart a reactor at Three Mile Island, reflecting a strategic push to use nuclear energy as a clean, reliable power source for tech companies like Google, which plans multiple data centers near the plant. The refurbished plant will add 615 megawatts of power by 2029, helping to meet rising electricity needs driven by AI and broader electrification trends. This move highlights the increasing role of nuclear energy in the US power mix amid rising demand and climate goals.
NextEra Energy and the U.S. Department of Energy have finalized a $1.9 billion loan to restart the Duane Arnold Energy Center, Iowa's only nuclear plant, aiming for operation by early 2029. The 615-megawatt facility's restart is expected to boost reg...
Texas regulators have paused new data-center hookups and increased application fees, significantly reducing American Electric Power's (AEP) data-center pipeline. This development casts doubt on the growth prospects of the Utilities Select Sector SPDR...
