Constellation Energy (CEG), the largest nuclear power operator in the United States, has signed a 20-year, 690 MW nuclear power agreement with the largest e-commerce operator in the country, Amazon (AMZN). Not stated explicitly, but the deal will primarily involve servicing the cloud giant's AI computing needs.
Under the terms of the deal, Amazon will invest $3 billion to augment and expand Constellation's Calvert Cliffs nuclear plant in Maryland. Currently operating at a capacity of 1,790 MW, the cash injection of $3 billion is expected to bring another 190 MW of power online between 2030 and 2032, which is to be included in the 690 MW.
