Microsoft has signed a 20-year commitment with the carbon-free energy group Constellation (CEG) to buy all the 800 megawatts of power the recommissioned nuclear plant can produce. Constellation shares surged 22 per cent higher on the news, to value the business at $80 billion (£60 billion). AI and data centres that power cloud-based computing are boosting demand for electricity and Microsoft reckons it needs nuclear generation to become carbon-free by 2030. Bobby Hollis, its vice-president of energy, said: “This agreement … read more »
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