Nexgen Energy Ltd T.NXE

Big News

[Contrarian333]

Constellation to restart Three Mile Island nuclear plant in Pennsylvania, will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial intelligence boom.
 
 
Microsoft has agreed to purchase the energy for two decades and declined to disclose financial terms. This is the first time Microsoft has secured a dedicated, 100% nuclear facility for its use.



https://www.bloomberg.com/news/articles/2024-09-20/microsoft-s-ai-power-needs-prompt-revival-of-three-mile-island-nuclear-plant

[retiredcf]

A similar post from BNN. GLTA Going nuclear Speaking of artificial intelligence, we got an eye-opening reminder this morning of just how much demand for electricity is going to increase as the technology ramps up. How badly do we need more power? Put it this way: the owner of the Three Mile Island nuclear reactor in Pennsylvania says it plans to bring the facility back into service as

[KozmoT]

Heard this news on radio and they said this would have a positive impact on Canadian uranium miners and mentioned Cameco specifically.