Amazon Secures 20 Years of Nuclear Power From Constellation
Amazon has signed a 20-year power purchase agreement with Constellation to receive 690 megawatts of nuclear power from Maryland's Calvert Cliffs plant. The deal supports a $3 billion investment and adds 190 MW of new capacity. This move helps Amazon meet its growing energy demands and supports the expansion of the Calvert Cliffs Clean Energy Center.
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- ✓ Amazon signed a 20-year power purchase agreement with Constellation.
- ✓ The deal adds 190 megawatts of nuclear capacity at Calvert Cliffs.
- ✓ The agreement supports over $3 billion in investment.
- ✓ The deal provides Amazon with 690 megawatts of nuclear power.
What changed
Constellation and Amazon announced a 20-year power purchase agreement adding 190 megawatts of nuclear capacity at Calvert Cliffs, supporting over $3 billion in investment.
Live updates
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Amazon Secures 20-Year Nuclear Power Deal with Constellation
Amazon has signed a 20-year power purchase agreement with Constellation to receive 690 megawatts of nuclear power from Maryland's Calvert Cliffs plant. The deal supports a $3 billion investment and adds 190 MW of new capacity. This move helps Amazon meet its growing energy demands and supports the expansion of the Calvert Cliffs Clean Energy Center.
Why it matters
The agreement is part of Amazon's effort to secure long-term, low-carbon power access. The deal also highlights Constellation's role in providing carbon-free energy to support the growth of data centers and other large-scale energy users. The expansion of the Calvert Cliffs plant is seen as a positive development for the utility and the broader power complex.
What is confirmed
- Amazon signed a 20-year power purchase agreement with Constellation.
- The deal adds 190 megawatts of nuclear capacity at Calvert Cliffs.
- The agreement supports over $3 billion in investment.
- The deal provides Amazon with 690 megawatts of nuclear power.
What to watch next
- Expansion plans for Calvert Cliffs Clean Energy Center
- Amazon's future energy demands and power purchase agreements
- Regulatory approvals for the deal
confidence 100%Sources used for this update (13)
- Crude Oil Prices Today | OilPrice.com — Amazon Secures 20 Years of Nuclear Power From Constellation
- constellationenergy.com — Constellation and Amazon Announce 20-Year Power Purchase Agreement Adding 190 Megawatts of Nuclear Capacity at Calvert Cliffs
- Fox Business — Amazon locks in nuclear power for 20 years as energy demand surges
- Maryland Matters — Large upgrade planned at Calvert Cliffs after power deal signed with Amazon
- wsj.com — Amazon Tries to Boost Nuclear Power in Maryland After Scrapping Data Center Deal
- hdfcsky.com — Nvidia’s $150 Billion Buyback, Accenture’s 17.85% Surge and Corteva’s 84.31% Plunge Drive a Volatile US Stock Week
- oilprice.com — Amazon Secures 20 Years of Nuclear Power From Constellation | OilPrice.com
- www.zerohedge.com — Amazon Secures 20 Years Of Nuclear Power From Constellation As Goldman Sees Industry-Wide Win | ZeroHedge
- finance.yahoo.com — Did Amazon’s AI Chip and Nuclear Power Deals Just Shift Amazon.com's (AMZN) Investment Narrative?
- finance.yahoo.com — Can This Number Push Constellation Energy Stock Higher?
- www.fox5dc.com — Amazon, Constellation back expansion of Maryland’s only nuclear plant amid data center boom | FOX 5 DC
- www.constellationenergy.com — Constellation and Amazon Announce 20-Year Power Purchase Agreement Adding 190 Megawatts of Nuclear Capaci....
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