Latest News

NextEra CEO: We have secured full ownership of the Iowa nuclear plant that is being restarted to power Google data centers.

NextEra Energy CEO John Ketchum announced on Friday that the company has acquired sole ownership of a closed 'nuclear?power?plant? in Iowa, which is being restarted to supply Google data centres. NextEra has acquired the remaining 30% of a minority stake in a Duane Arnold Nuclear Power Plant from two rural utilities. This acquisition took place roughly nine months after NextEra announced its intention to resume operations at the plant. The soaring demand for?electricity in the United States -- fueled by Big Tech's expansion of data centers -- has led to multiple attempts to restart closed nuclear reactors across the country. Constellation Energy, a nuclear power 'plant in Pennsylvania, is re-starting with the help of a Microsoft power purchase agreement. No fully closed reactor has yet been resurrected to produce commercial electricity. Ketchum said on a conference call with investors that his company is on track to produce electricity from the plant by early 2020.

(source: Reuters)