Constellation Energy partners with Google and Amazon to uprate 13 nuclear reactors
Constellation Energy announced agreements with Google and Amazon to uprate 13 nuclear reactors across four states, adding a total of 1,080 megawatts of capacity by 2032. Google signed a 20‑year power purchase agreement for 890 megawatts and a separate 15‑year deal for 2,700 megawatts, while Amazon signed a 20‑year agreement for 690 megawatts that will generate an additional 190 megawatts. The deals will fund more than $4.3 billion and $3 billion of investments respectively and are expected to create about 7,200 construction jobs.
Why it matters
The long‑term PPAs give Constellation revenue certainty, enabling the planned $4.3 billion and $3 billion uprate investments. Investors may view the contracts as a stable cash‑flow source and a catalyst for growth in Constellation’s nuclear portfolio.
Key facts
- 1Constellation Energy will uprate 13 nuclear reactors. wattsupwiththat.com
- 2The uprates will increase total output by 1,080 megawatts. wattsupwiththat.com
- 3The projects are expected to create 7,200 new construction jobs. wattsupwiththat.com
- 4Google signed a 20‑year power purchase agreement covering 890 megawatts from the uprates. wattsupwiththat.com
- 5Google also signed a separate 15‑year agreement for 2,700 megawatts. wattsupwiththat.com
- 6Google's agreements enable Constellation to invest more than $4.3 billion in uprates. wattsupwiththat.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.