Constellation Energy and Meta Forge Landmark Nuclear Power Deal to Fuel AI Expansion

Constellation Energy Corporation (CEG) has entered a groundbreaking 20-year power purchase agreement with Meta Platforms (META), securing the tech giant's access to 1.1 gigawatts of carbon-free nuclear energy from its Illinois facility starting 2027. The deal propelled CEG shares 10% before profit-taking erased gains, signaling Wall Street's cautious Optimism about nuclear power's role in meeting AI's insatiable energy demands.

The partnership reflects a seismic shift in how hyperscalers address power infrastructure. Meta joins Amazon, Microsoft and Google in locking down nuclear capacity—a clean, reliable alternative to intermittent renewables. Constellation's fleet positions it as a prime beneficiary of this trend, though valuation concerns linger after this year's 80% stock surge.