Technology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center.
Constellation Energy and Vistra Corp. tumbled nearly 8% and more than 3%, respectively, in sympathy.
The Amazon data center campus can still use 300 megawatts of power from the Susquehanna nuclear plant, according to Talen.
The FERC decision does not impact Constellation's plans to restart the Three Mile Island nuclear plant in 2028 through a power purchase agreement with Microsoft .
Tech companies are increasingly turning to nuclear power because it is reliable and does not emit carbon dioxide emissions.
Persons:
Vistra, Talen, Mark Christie
Organizations:
Federal Energy Regulatory Commission, Susquehanna, Independent, Talen Energy, Amazon, Constellation Energy, Vistra Corp, Microsoft, Tech, Nvidia, Constellation
Locations:
Pennsylvania, Susquehanna, Ohio, New Jersey, Talen