Amazon Signs 20-Year Nuclear Deal With Constellation for AI Data Centers
Amazon just bought itself two decades of nuclear power. The company and Constellation Energy announced Wednesday a 20-year power purchase agreement covering 690 megawatts from the Calvert Cliffs nuclear plant in Maryland, a deal that also unlocks more than $3 billion in upgrades to the plant. Goldman Sachs analyst Carly Davenport called the arrangement “positive for industry broadly,” and investors agreed: Constellation’s stock climbed 3.3% in after-hours trading after the announcement, Barron’s reported. ...