meta_pixel
Tapesearch Logo
Log in
Behind the Money

How the AI boom is reviving Three Mile Island

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 18 December 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

Tech companies such as Google, Amazon and Microsoft need loads of electricity to power their artificial intelligence goals, and they are looking into all options, including nuclear power, to achieve them. That’s why Microsoft has partnered with a utility company to restart a reactor at Three Mile Island, the site of the worst nuclear disaster in US history. The FT's US energy editor Jamie Smyth explains what challenges lie ahead with a 2028 deadline looming.

  

Clips from CBS News, ABC News, WNEP


- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

Restart of Three Mile Island tests US appetite for nuclear revival

Resurgent US electricity demand sparks power grid warnings 

Big Tech’s dash for nuclear power

- - - - - - - - - - - - - - - - - - - - - - - - - - 


Follow Jamie Smyth and Michela Tindera on X (@JamieSmythF) (@mtindera07), on Bluesky (@jamiesmythft.bsky.social), (@mtindera.bsky.social) or follow Michela on LinkedIn for updates about the show and more. 


Read a transcript of this episode on FT.com




Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Balance your trading strategy by adding futures.

0:03.2

CME Group helps you manage risk and capture opportunities in all market environments.

0:08.3

Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.

0:15.8

Visit your online broker and get started.

0:18.0

See what adding futures can do for you at cME group.com slash podcast.

0:23.2

Derivatives are not suitable for all investors and involve the risk of losing more than the

0:26.4

amount originally deposited and any profits you might have made. This is not a recommendation

0:29.8

to offer to buy, sell, or retain any specific investment or service.

0:34.8

It was the first step in a nuclear nightmare. The breakdown in an atomic power plant in Pennsylvania today is probably the worst nuclear reactor accident to date.

0:45.3

So back in 1979, there was an accident at the Three Mile Island nuclear reactor.

0:51.3

It happened at the number two generator about 4 o'clock this morning.

0:55.8

Something caused the secondary cooling system to fail.

0:58.6

What happened was that reactor number two had a partial meltdown, and there was a radiation

1:06.4

leak into the atmosphere.

1:09.0

Certain people have been advised to evacuate.

1:11.6

Others have been urged to remain indoors.

1:12.6

Telephone lines in the Harrisburg area are jammed and immediate highways are too as more people decide to leave.

1:18.6

It caused 140,000 people to evacuate their homes.

1:22.6

Although it didn't directly kill anyone, it caused a huge panic, and it changed the mentality about nuclear power in the U.S.

1:34.5

The Three Mile Island site in Pennsylvania quickly turns into a black mark on the industry.

1:41.8

Shortly after the disaster, reactor number two, the one that experienced

1:46.2

the partial meltdown, is permanently shut down. And nuclear power's image only gets worse.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Topher Forhecz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Topher Forhecz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.