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Terminal News·Council··1 min read·Current · The AI Capex Race

Amazon signs 20-year nuclear power deal with Constellation

The 20-year deal adds capacity in Maryland and supports $3 billion in infrastructure upgrades.

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Palanor Wire · composed from 3 outlets · every claim links to its sources

What happened

Amazon and Constellation Energy signed a 20-year nuclear power agreement. 1234 The deal supports more than $3 billion in investment. 14 The agreement adds 190 megawatts of new capacity in Maryland. 13 Constellation Energy will invest in infrastructure upgrades at the Calvert Cliffs Nuclear Plant. 4

Why it matters

Goldman analyst Carly Davenport said the deal is positive for the industry broadly as Big Tech seeks stable clean power for data centers. 2 The agreement fits the Powering Up America and nuclear themes as technology companies seek power for chip infrastructure. 2

What to watch

Amazon shares were trading around $247.3 following the announcement. 3 The infrastructure upgrades at Calvert Cliffs will support the power delivery timeline. 4

Sources · 4

  • [1]Amazon Stocks Drop Although Nuclear Deal Adds 190 Megawatts

    gurufocus.com · via Marketaux

    Read at source →

  • [2]Amazon Secures 20 Years of Nuclear Power From Constellation

    OilPrice.com

    Read at source →

  • [3]Amazon locks in nuclear power for 20 years as energy demand surges

    foxbusiness.com · via Marketaux

    Read at source →

  • [4]Constellation (CEG) Partners with Amazon to Upgrade Calvert Cliffs Nuclear Plant

    gurufocus.com · via Marketaux

    Read at source →

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