Constellation Energy Stock News

I assume you've heard the news by now?

Meta announced Tuesday morning that it was paying billions of dollars to keep an Illinois nuclear power plant running through 2047. The social media company will buy all the “clean energy attributes” of Constellation Energy's Clinton Clean Energy Center, a 1.1 gigawatt nuclear power plant in central Illinois, starting in June 2027.

Big Tech companies are scrambling to secure electricity for the long term. For many, this means investing in nuclear power generation.

Facebook and Instagram parent's deal follows other big tech companies signing agreements with power companies

The tech giant's data centers will start slurping power from a nuclear plant in 2027.

Constellation Energy Inc (NASDAQ:CEG) stock is up 4.6% to trade at $328.03 at last check, after the utility giant inked a 20-year agreement to supply nuclear power to Meta Platforms' (META) data centers.

Meta Platforms has entered a deal to purchase nuclear power from Constellation Energy Corporation's Clinton Clean Energy Center in Illinois, the company announced Tuesday.

Power generation company Constellation Energy announced its second deal to supply nuclear-generated power to a major tech firm's datacenters in the last 8 months on Tuesday, June 3. In a release, Constellation detailed an agreement with Meta, led by CEO and Facebook creator Mark Zuckerberg, to 1,121 MW of power from its Illinois-based Clinton Nuclear Clean Energy Center for Meta's operations in...