Amazon Secures 20 Years of Nuclear Power From Constellation
Goldman analyst Carly Davenport views Amazon's nuclear power deal with Constellation Energy as "positive for industry broadly" as the "Powering Up America" theme and nuclear theme continue as Big Tech scrambles for the cleanest form of stable power to fuel data centers chip stacks. Davenport said Constellation Energy's 20-year deal to supply Amazon with 690 megawatts from Maryland's Calvert…
A 20-year nuclear power agreement between Amazon and Constellation Energy has been secured, which is viewed positively by analysts as a boost to the industry. Constellation Energy's deal with Amazon for 690 megawatts of power from Maryland's Calvert Cliffs nuclear plant will provide long-term revenue certainty for the utility and support additional infrastructure investment at the facility.
The 20-year power purchase agreement will also ensure a steady supply of clean energy to Amazon's data centers across the 13-state PJM Interconnection grid.
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