Constellation Energy (NASDAQ: CEG) experienced a significant stock surge following the announcement of a landmark 20-year agreement with Meta Platforms (NASDAQ: META). Under this deal, Meta will purchase approximately 1.1 gigawatts of nuclear energy from Constellation’s Clinton Clean Energy Center in Illinois, starting in June 2027.
This agreement ensures the continued operation of the Clinton plant, which was previously at risk of closure due to the impending expiration of state subsidies. The deal also facilitates a planned 30-megawatt capacity expansion and supports the plant’s relicensing efforts.
Meta’s commitment to this long-term, carbon-free energy source aligns with its sustainability goals and the increasing energy demands of its AI-driven operations. This move reflects a broader trend among tech giants investing in nuclear energy to meet growing power needs sustainably.
The announcement positively impacted the stock market, with Constellation’s shares rising over 14% and other nuclear-related stocks, such as Vistra and Talen Energy, also experiencing gains.
