NextEra Just Secured Up to $1.9 Billion to Restart Iowa's Only Nuclear Plant. Here's The Real Reason Why.
Like so many other projects, it's all about AI.
Overview
Well, that didn't last long.
In 2020, NextEra Energy (NYSE:NEE) couldn't close the Duane Arnold Energy Center (DAEC) nuclear plant fast enough. Although the plant's license wasn't set to expire until 2034, the company cited unfavorable economics and shut down Iowa's only nuclear plant 14 years early.
Details
But now, NextEra is proudly touting a $1.9 billion loan guarantee from the U.S. Department of Energy (DOE) to restart the shuttered plant and bring "reliable, around-the-clock energy to the regional grid."
Source
Originally published at www.fool.com.
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