Interestingly, the plant is located next to a unit that was shut down in 1979 after the Three-Mile Island accident, but it was retired in 2019. Microsoft will reopen it if the sale goes through, and it's expected to generate 837 megawatts of energy, enough power for more than 800,000 homes.

Constellation Energy has signed a 20-year power purchase agreement with Microsoft that will pave the way for restarting one of its units at the Three Mile Island nuclear power plant, the utility firm said on Friday.

Microsoft just signed a deal to revive the shuttered Three Mile Island nuclear power plant. If approved by regulators, the software maker would have exclusive rights to 100 percent of the output for its AI data center needs.

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The Three Mile Island nuclear plant, home of the worst nuclear accident in U.S. history, would restart under a deal in which Microsoft purchases all its power.

Shares of exchange-traded funds that focus on companies related to the nuclear industry were leaping Friday after Constellation Energy Corp. announced it was restarting a nuclear reactor at Three Mile Island under a power-purchase agreement with Microsoft Corp.

America's Three Mile Island energy plant, the site of the worst nuclear accident in US history, is preparing to reopen as Microsoft looks for ways to satisfy its growing energy needs. The tech giant said it had signed a 20-year deal to purchase power from the Pennsylvania plant,