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- Constellation Signs 20-Year Agreement with Microsoft to Launch Crane Clean Energy Center
Constellation Signs 20-Year Agreement with Microsoft to Launch Crane Clean Energy Center
Slice of Energy Team
September 25, 2024
Key Highlights:
Constellation and Microsoft sign a 20-year power purchase agreement.
Restart of Three Mile Island Unit 1 as Crane Clean Energy Center.
New center to generate 800 MW of carbon-free energy by 2028.
3,400 jobs created, with $16 billion added to Pennsylvania’s GDP.
Constellation commits $1 million to local workforce development.
Source: Business Wire
Notable Quotes:
“Nuclear plants are the only energy sources that can consistently deliver on the promise of carbon-free and reliable energy every hour of every day.”
“This agreement is a major milestone in Microsoft's efforts to help decarbonize the grid in support of our commitment to become carbon negative.”
“The Crane Clean Energy Center will safely utilize existing infrastructure to sustain and expand nuclear power in the Commonwealth while creating thousands of energy jobs.”
Our Take:
The partnership between Constellation and Microsoft marks a significant step toward the resurgence of nuclear energy as a key driver in decarbonizing the grid. The Crane Clean Energy Center not only underscores the essential role nuclear power plays in achieving energy reliability and sustainability but also highlights its potential as a catalyst for regional economic growth. With public backing and significant investment, this project reflects a broader global trend towards revitalizing nuclear energy to address climate challenges and meet the ever-growing demands of the digital economy.