Trump Admin Loans $1B for Nuclear Reactor Restart

The Trump administration has approved a $1 billion loan to Constellation Energy for restarting a nuclear reactor at Three Mile Island. This decision comes after Microsofts commitment to buying electricity from the plant for 20 years. Despite being cheaper than building a new plant, nuclear energy still competes with renewable options like wind, solar, and geothermal. Tech companies are increasingly turning to nuclear energy due to high power demands. The loan is part of the Department of Energys Loan Programs Office, which has a history of successful investments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.