Constellation Energy Stock Rises on Amazon Nuclear Plant Deal
Constellation Energy announced a deal with Amazon to provide the tech giant with power from a Maryland nuclear plant, a move that could expand the country's reactor fleet.
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09:12:37 PM UTC
SquawkNews
Constellation Energy NASDAQ:CEG and Amazon.com NASDAQ:AMZN on Wednesday announced a 20-year power purchase agreement that will support the expansion of the Calvert Cliffs nuclear plant in Maryland.Demand for nuclear energy is increasing as technology companies seek dependable sources of power for A…
Amazon has made a new nuclear energy investment that could add to the capacity of America’s reactor fleet. Constellation Energy, the country’s largest electricity provider, said late on Wednesday it reached a deal with Amazon to supply the tech giant with power from a Maryland nuclear plant.