Eli Lilly and Indiana Partner to Explore Nuclear Energy Solutions
Eli Lilly and the state of Indiana have signed a letter of intent to explore nuclear energy solutions over the next two years. This initiative aims to address rising electricity demands, particularly from data centers, and is aligned with efforts to reduce energy costs for residents.
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Eli Lilly and Indiana have agreed to explore nuclear energy options, particularly small modular reactors (SMRs), to enhance the state's power supply. The initiative will analyze the technical, economic, regulatory, and environmental feasibility of implementing nuclear technologies over a two-year period.
This partnership aligns with Governor Mike Braun's objective to lower utility prices amid rising energy demands attributed to large data centers. The agreement allows for future formal contracts and underscores Indiana's commitment to becoming a leader in nuclear energy, though existing supply chain issues may hinder rapid deployment. The potential for increased energy production could benefit both local households and Eli Lilly's operational needs.
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