Nuclear energy for data centers and crypto mining facilities is the new plan of Talen Energy, the independent power producer based in Pennsylvania. The company is indeed planning to develop a nuclear-power crypto mining facility adjacent to a nuclear plant that would mount to 300 megawatts of capacity.
Firstly, the company is looking to develop the Susquehanna Hyperscale Campus (SHC) in Berwick; on an undeveloped land that it is next to the company’s Nuclear-powered Susquehanna Steam Electric Station (SSES) in Salem Township, Luzerne County.
Secondly, indeed the company has already a portfolio company in the digital infrastructure sector; it founded Cumulus Data in 2020; precisely to invest in opportunities created by the conversion of digital and power infrastructure; such as the nuclear-crypto project.
Thirdly, according to news media outlets, the first phase of development would have 164 MW of capacity, but when complete it would mount to 300MW of onsite power. It would be supported by a dual 1+GW nuclear units, and two independent substations.
Moreover, the facility would even mount to 1GW of power in the future if it is needed; the project would come online in 2Q 2022. About its relevance, the company said during a presentation, according to DCD. “As the demand for energy increases among data center and cryptocurrency processing clients, so does the call for decarbonizing these energy sources.”
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Steam Electric Station, one of the largest nuclear plants in the U.S.
In addition, it also remarked. “Talen Energy is constructing a hyperscale data center campus adjacent to its Susquehanna nuclear generation facility. It will also provide low-cost, reliable, carbon-free power to the data center clients on campus. This allows clients to benefit from carbon-free, 24/7 power; being supplied directly to the campus, without the intermittency that renewable energy can experience, indeed; or requiring fossil fuels.”
Furthermore, Talen, along with its portfolio company Cumulus will soon file the planning documents to the Luzerne County officials.
On the other hand, the Susquehanna Steam Electric Station is one of the largest nuclear power plants in the US. It has almost 2,500 MW of capacity; Talen Energy is currently the owner of the station.
Finally, Talen Energy born in 2015, after the competitive power generation business of PPL Corporation was spun off and combined with competitive generation businesses owned by private equity firm Riverstone Holdings; as stated by DCD.