The deal: Tech giant Oracle has butted heads with local officials over its plan for a $15B data center in Port Washington, WI. Now, Oracle has offered what appears to be a conciliatory gesture: The company is committing to buying 10-20% of the energy generated from the 1-GW Point Beach Nuclear Plant (the state’s biggest power plant).
The savings: This agreement could cut We Energies customers’ bills by hundreds of millions. That’s because the utility buys most of the NextEra-owned plant’s output…and nuclear fuel ain’t cheap.
Speaking of NextEra: The company announced that it’s co-developing a 6.5-GW gas plant in Texas, which will power an adjacent 5-GW data center campus. The $22B project fits into a US-Korea trade deal, which is also set to include eight new “large-scale” nuclear plants (Westinghouse has reportedly signed onto the project).
Sun, Oct 4
Molly Glick
Energy Central Team
NEWS: Oracle’s nuclear deal with We Energies could save Wisconsin ratepayers $300M over the next five years, the companies said.
1
1 reply