The land surrounding a nuclear power plant might not sound like prime real estate, but as more bit barns seek to trim costs, it's poised to become a rather hot commodity.
All of these are purported benefits cited by startup NE Edge, which has been fighting for more than a year to be able to build a pair of AI datacenters adjacent to a 2GW Millstone nuclear power plant in Waterford, Connecticut., NE Energy has secured $1.6 billion to construct the switching station and bit barns, which will span 1.2 million square feet in total. NE Energy will reportedly spend an equivalent sum on between 25,000 and 35,000 servers.
The project's president Thomas Quinn attempted to quell concerns, arguing that by connecting directly to the plants, NE Energy will be able to negotiate prices that make building such a power hungry facility viable in Connecticut. NE Energy has also committed to paying a 12.08 percent premium to the town on top of what it pays Dominion for power, along with other payments said to total more than $1 billion over the next 30 years.