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Subscribe to enjoy similar stories. Owners of nuclear power plants had been riding high on hopes that they could sign lucrative contracts with tech companies to sell always-available power. A ruling from the Federal Energy Regulatory Commission won’t extinguish those prospects, but does throw a bit of cold water on them.

Subscribe to enjoy similar stories. Chinese AI startup DeepSeek has laid bare one of the power sector’s greatest fears: The AI boom might not need nearly as much electricity as anticipated. DeepSeek, a generative-AI model trained using substantially less energy than its American competitors, routed tech and power company shares last week, eroding stock gains spurred by data center growth projections.

The owner of the shuttered Three Mile Island nuclear power plant says it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers

Microsoft is restarting the Nuclear Power Plant of Three Mile Island again and it has got in to a deal or agreement with the huge technological giant Microsoft so that Microsoft can get the adequate power it requires for its upcoming projects. Joe Biden and his administration has always wanted to bring a positive impact in the sphere of dangerous climate changes happening around US by replacing all sorts of usage of greenhouse gases by the nuclear power. Following this stance, Constellation has planned to restart the Nuclear Power Plant of Three Mile Island with a roadmap of primarily 20 years in the beginning, reported Associated Press. Also Read: Fans not listening? Taylor Swift's efforts to push her fans to vote in U.S. elections have dropped significantly

Subscribe to enjoy similar stories. A deal between Constellation Energy and Microsoft will restart Pennsylvania’s Three Mile Island, the site of the country’s worst nuclear accident, to help power the tech giant’s growing artificial intelligence ambitions. Under the agreement, Constellation would revive the plant’s undamaged reactor, which was too costly to run and closed in 2019, and sell the power to Microsoft.

Top Biden administration officials have discussed the future of artificial intelligence with a group of executives from OpenAI, Nvidia, Microsoft and other companies

ALSO READ: Microsoft basks in AI glory, revenue up 17% to $61.9 billion That’s comparable to about 10 nuclear power plants and reflects the turbocharged demand for electricity from data centers and artificial intelligence. Technology companies are clamoring for more clean energy to meet their own climate goals, just as overall energy demand is rising. “It is absolutely the largest single announcement for a corporate clean-power purchase agreement ever," BloombergNEF analyst Kyle Harrison said in a message.

(Reuters) — Utility firm Exelon (NASDAQ:EXC) beat fourth-quarter profit estimates on Wednesday, helped by higher electricity rates.

Barclays initiated coverage of 26 stocks within the U.S. Power & Utilities sector in a note Wednesday, taking a Neutral industry view.