Climate VC fundraising is on track for its worst year since 2015. That’s the best thing that could happen to climate tech

In 2019, the owners of the Three Mile Island nuclear power plant shut down its Unit 1 reactor. The reactor was still running. It just couldn’t compete economically. Five years later, Microsoft signed a 20-year agreement to buy its power, and the plant is being restarted as the Crane Clean Energy Center. Nothing about the reactor changed. The buyer did. Data centers need enormous amounts of reliable, around-the-clock electricity, and many of their operators have ambitious carbon-free energy commitments. To that customer, a plant the market had written off was suddenly worth bringing back.

Source: Fortune Crypto