Constellation Energy Corporation ( (CEG) ) has provided an announcement.
Constellation Energy Corporation has announced a major 20-year power purchase agreement with Microsoft, marking a significant step towards relaunching the retired Three Mile Island Unit 1 as the Crane Clean Energy Center. The move, expected to reintroduce 835 megawatts of carbon-free energy into the grid by 2028, will create 3,400 jobs and generate over $3 billion in taxes. This agreement aligns with Microsoft’s carbon-negative goals and will provide clean energy for its data centers. The restart is contingent on regulatory approvals and license renewal, aiming to extend operations until at least 2054.
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