Federal government approves $1.9 billion loan to restart Iowa nuclear plant

The short version

• NextEra Energy received a $1.9 billion US Department of Energy loan to restart the Duane Arnold Energy Center in Iowa.[Engadget]
• Google has agreed to purchase electricity generated by the 615-megawatt nuclear facility to power its artificial intelligence data centers.[Engadget]
• The plant shut down after sustaining severe damage from a tropical storm in August 2020.[Engadget]
• The operator aims to resume power generation at the facility by 2029.[Engadget]

Key facts

• The US Department of Energy approved a $1.9 billion loan for NextEra Energy to restart the Duane Arnold Energy Center in Linn County, Iowa.[Engadget]
• Electricity from the restarted 615-megawatt nuclear facility will be purchased by Google to supply its AI data centers.[Engadget]
• The Duane Arnold plant ceased operation after a tropical storm caused damage on August 10, 2020.[Engadget]
• NextEra Energy targets 2029 for restarting energy generation at the site.[Engadget]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• US regulator approves $1.9 billion loan to spin up Iowa's dead nuclear reactor for GoogleEngadget