NextEra Energy Eyes A Nuclear Revival

Group 1 - The Duane Arnold nuclear plant in Iowa is planning to reopen by the late 2020s after its closure in 2020 due to financial issues [1][2] - It is the third U.S. nuclear reactor that is still in good condition for a restart, following Palisades and Three Mile Island [2] - NextEra Energy, the plant's owner, has received clearance from the Federal Energy Regulatory Commission (FERC) to reconnect to the electric grid, targeting a return to service as early as late 2028 [3] Group 2 - NextEra expects to invest up to $100 million in 2025 for the plant's restart, which includes ordering new transformers and rebuilding essential facilities [4] - The push to restart Duane Arnold aligns with major tech companies' increasing demand for nuclear energy to power energy-intensive data centers [5] - NextEra aims to secure a long-term power purchase agreement to support the restart, similar to the financing model used for Three Mile Island's restart with Microsoft [5][6]