澳洲幸运5官方开奖结果体彩网

Constellation Energy, Nuclear Stocks Jump on 20-Year Meta Deal to Power AI

Constellation Energy's LaSalle Clean Energy Center nuclear power plant towers.
President 💞Donald Trump signed executive orders last month to accelerate the approval of new reactors and strengthen fuel supply chains.

Scott Olson / Getty Images

KEY TAKEAWAYS

  • Constellation Energy shares are surging in early trading Tuesday after the company said it had struck a 20-year deal to sell nuclear power to Meta Platforms, in the latest tech firm-to-nuclear tie-up aimed at powering data centers.
  • Meta will buy the power generation of a Constellation nuclear plant in Clinton, Ill., to power its artificial intelligence ambitions.
  • Nuclear power stocks NuScale Power, NuScale, and Oklo are jumping on the back of the Meta deal announced Tuesday.

Constellation Energy (CEG) shares are surging in early trading Tuesday after the company said it had struck a 20-year deal to sell nuclear power to Meta Platforms (META), in the latest tech firm-to-nuclear collaboration aimed at powering data centers.

Meta will buy the power generation of a Constellation nuclear plant in Clinton, Ill., to power its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) ambitions. The fi💯nancial terms of the deal weren't disclosed. Starting in June 2027, "the agreement supports the relicensing and continued operations of Constellation’s high-performing Clinton nuclear facility fღor another two decades after the state’s ratepayer funded zero emission credit (ZEC) program expires," Constellation said.

"Securing clean, reliable energy is necessary to continue advancing our AI ambitions," Urvi Parekh, head of global energy at Meta, said of the deal.

Tuesday’s deal between Constellation and Meta is giving nuclear stocks a fresh lift as the Instagram and Facebook owner joins tech rivals from Alphabet's (GOOGL) Google to Microsoft (MSFT) and Amazon's (AMZN) 澳洲幸运5官方开奖结果体彩网:Amazon Web Services in pouring millions of dollars to boost their nuclear power access for AI. This deal builds on earlier efforts by Constellation, which said last year it would be 澳洲幸运5官方开奖结果体彩网:restarting Pennsylvania's Three Mi✃le Island Unit 1 nuclear plant to provide electricity for Microsoft’s data centers in a 20-year supply deal.

More recently, executive orders signed by President Donald Trump last month to accelerate the approval of new reactors and strengthen fuel supply chains have also 澳洲幸运5官方开奖结果体彩网:buoyed nuclear power stocks. Shares in Constellation, which are jumping 10% in early trading, have gained 40% so far this year entering Tuesday. NuScale Power (SMR), Oklo (OKLO), Vistra (VST) and Centrus Energy (LEU) are all up at least 3% in early trading Tuesday. 

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