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Amazon (AMZN.US) still pursues nuclear deal despite regulator's rejection

AInvestMonday, Nov 4, 2024 10:10 pm ET
1min read

Amazon said it remains committed to building a data center campus near a Pennsylvania nuclear plant after the country's top energy regulator rejected a special agreement to power the facility. The U.S. Federal Energy Regulatory Commission on Friday denied a request from Talen Energy to increase the amount of electricity the nuclear plant can sell to Amazon Web Services' data centers. Shares of U.S. power producers fell as investors saw the FERC's decision as a setback to efforts by large tech companies to quickly gain access to nuclear power to fuel their growing data centers.

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