Meta (META) has signed a 20-year agreement to buy nuclear power from Constellation Energy (CEG), CNBC’s Pippa Stevens reports. Beginning in 2027, Meta will purchase about 1.1 gigawatts of power from Constellation’s Clinton Clean Energy Center in Illinois. “We are proud to partner with Meta. … They figured out that supporting the relicensing and expansion of existing plants is just as impactful as finding new sources of energy,” said Joe Dominguez, Constellation’s president and CEO. “Sometimes the most important part of our journey forward is to stop taking steps backwards.” The plant will not power Meta’s data centers directly, Stevens notes. Shares of Constellation Energy are up nearly 15% in premarket trading.
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