Constellation and Amazon Sign Long-Term Nuclear Power Agreement
Constellation Energy (CEG) has signed a long-term power purchase agreement with Amazon (AMZN), spanning two decades. The deal will support over $3 billion in investments at Constellation’s Calvert Cliffs nuclear plant located in Maryland, including an expansion of the facility's generating capacity. The partnership is expected to enhance energy production and aligns with both companies' sustainability goals by leveraging clean nuclear power for Amazon’s operations while securing a stable revenue stream for Constellation. The agreement covers 690 megawatts of electricity from Calvert Cliffs, which will help meet the growing demand driven by data centers and other infrastructure needs. This collaboration reflects broader industry trends toward long-term energy contracts to support decarbonization efforts and ensure reliable power supply in a transitioning energy landscape.
