With that said, while it doesn't provide numbers, the article does say the refurbishment (costing $1.6 billion, estimated) will be cheaper than a new build. It'll also likely be much faster, projected to open in 2028.
A quick google search puts construction costs of new nuclear of a Unit 2 size in the $5-10 billion range. 3 Mile Island itself was constructed for $2 billion in 2024 inflation-adjusted dollars. All in all, refurbishing sounds like a good bargain compared to a green field build.
*Many reactors started construction in the 70s and were finished in the 80s or 90s, plus Watts Bar Unit 2 which was started in 1972 and finished in 2016 for a total of $5 billion. The US also of course builds many naval reactors.
Apart from the obvious labour costs difference , theres also the skills at scale.Chinese have been on a continous buildout of new plants , so at this point they have designs/skilled teams for whom this is another routine at this point(i think 30+ under construction concurrently).The US builds are almost artisinal at this point.
And yeah at $1B , given prior examples , it expect them to be late and costs to baloon.Unless they use this as a template to upskill/retrain a workforce that will lead a new buildout so economies of scale take over and put downward pressure on the costs.
[1] https://www.nytimes.com/interactive/2025/10/22/climate/china...
> The debt facility is being made through the Department of Energy’s Loan Programs Office (LPO), which was formed under the Energy Policy Act of 2005 to foster the growth of clean energy technologies
and, more importantly:
> The Inflation Reduction Act, which passed during the Biden administration, created another pot of money under the LPO known as the Energy Infrastructure Reinvestment program. That program was created to restore existing power plants to operation provided they avoid or reduce pollutants or greenhouse gas emissions. The Trump administration kept it largely in tact, rebranding it the Energy Dominance Financing Program.
> The debt facility is being made through the Department of Energy’s Loan Programs Office (LPO), which was formed under the Energy Policy Act of 2005 to foster the growth of clean energy technologies.
> The Inflation Reduction Act, which passed during the Biden administration, created another pot of money under the LPO known as the Energy Infrastructure Reinvestment program. That program was created to restore existing power plants to operation provided they avoid or reduce pollutants or greenhouse gas emissions. The Trump administration kept it largely in tact, rebranding it the Energy Dominance Financing Program.
Congress passed the Energy Policy act of 2005 and then the Inflation Reduction Act allocating money to the DoE to make these loans.
in a list of countries with uranium resverves 1-59 they're number 55!
https://en.wikipedia.org/wiki/List_of_countries_by_uranium_r...
tombert•1h ago
CivBase•1h ago
daemonologist•1h ago
comrh•1h ago
pseudalopex•1h ago
dreamcompiler•57m ago
ip26•50m ago
epistasis•21m ago
epistasis•26m ago
So Microsoft is less price sensitive than other electricity customers.
Plus they get the PR and hype boost from saying they are using nuclear, which is huge right now. Which is big enough that the other hyperscalers thought they had to announce new nuclear projects, even though it will be a decade before those new nuclear projects could ever come on line.
abtinf•20m ago
And unreliable energy sources routinely exclude the wildly uneconomical costs and environmental impact it would take to make them reliable.
piperswe•1h ago
> In 1988, the NRC announced that, although it was possible to further decontaminate the Unit 2 site, the remaining radioactivity had been sufficiently contained as to pose no threat to public health and safety.
https://en.wikipedia.org/wiki/Three_Mile_Island_accident
khuey•40m ago
Chernobyl (which was a far worse accident) continued to produce power at other units on the same site for 14 years after the meltdown of unit 4.