Microsoft has signed a 20-year agreement with Constellation Energy Corporation, the owner of the Three Mile Island nuclear power plant, to rehabilitate the plant's Unit 1 reactor and establish the "Crane Clean Energy Center." This move is part of the tech giant's commitment to powering its artificial intelligence operations with carbon-free energy.

As part of the agreement, Constellation Energy will provide Microsoft with 835 megawatts of electricity and invest approximately $1.6 billion to bring the facility online, aiming for a launch in 2028. Before the plant can resume operations, the deal still requires approval from the Nuclear Regulatory Commission (NRC), state officials, and local authorities.

The Three Mile Island nuclear power plant, located near the Susquehanna River in Pennsylvania, suffered a partial meltdown on March 28, 1979. The incident was classified as a Level 5 event on the International Nuclear Event Scale, a seven-level system. While the Three Mile Island accident was the most serious nuclear accident in the United States, it remained relatively contained compared to subsequent disasters like the Chernobyl and Fukushima nuclear plant accidents. (Cointelegraph)