The demand for artificial intelligence (AI) is driving a significant increase in data center power needs. Constellation Energy, the largest nuclear power company in the U.S., holds a strong position in the clean energy sector, operating 14 nuclear plants.
BALTIMORE--(BUSINESS WIRE)--Constellation announced today a series of senior leadership appointments as the company prepares to complete its transaction with Calpine.
BALTIMORE--(BUSINESS WIRE)--Constellation awarded more than $500,000 in Energy to Educate grants for hands-on STEM- and energy-related projects reaching over 31,000 students.
Constellation Energy (CEG) shares surged Wednesday after the power provider said it won a federal loan of up to $1 billion to restart a nuclear reactor at Pennsylvania's Three Mile Island.
Shares of Constellation Energy Corp (NASDAQ:CEG) are higher this morning, up 5.5% at $357.93 after the company landed a $1 billion federal loan from the Department of Energy (DoE), facilitating the restart of its discarded nuclear plan, Three Mile Island Unit 1.
The US Department of Energy will loan Constellation Energy $1 billion to reopen Three Mile Island. The loan will cover nearly all of Constellation's $1.6 billion estimated startup cost.
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