South Carolina To Reboot Giant Nuclear Project to Meet AI Demand

Santee Cooper, the big power provider in South Carolina, has tapped financial advisers to look for buyers that can restart construction on a pair of nuclear reactors that were mothballed years ago. From a report: The state-owned utility is betting interest will be strong, with tech giants such as Amazon.com and Microsoft in need of clean energy to fuel data centers for artificial-intelligence capabilities. The details Santee Cooper announced Wednesday it is seeking proposals for buyers to complete the project at South Carolina's sprawling V.C. Summer Nuclear Station, confirming an earlier report from The Wall Street Journal. The utility is working with bankers at Centerview Partners, which will accept proposals until May 5. Santee Cooper will likely look to tap a consortium that could include a construction firm, a tech company that will use the power and an additional partner for capital, according to people familiar with the matter. It is also looking for another power company partner because it doesn't plan to own or operate the units once they are up and running.

Read more of this story at Slashdot.