Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy!
Key Points
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy.
Beginning in 2027, the tech giant will purchase about 1.1 gigawatts of power from Constellation’s Clinton Clean Energy Center in Illinois. Without Meta’s backing, the plant was in danger of premature closure.
Tech companies, including Amazon, Google and Meta, signed a pledge in March led by the World Nuclear Association calling for nuclear energy worldwide to triple by 2050.
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers.
Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, which is the entire output from the site’s one nuclear reactor.
The companies said the long-term agreement will support the continuing operation of the plant, as well as its relicensing. Without the commitment from Meta, the plant was in danger of closing when its zero-emission credit, which it’s relied on since 2017, expired.
“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.”
Terms of the deal, which will also expand Clinton’s output by 30 megawatts, were not disclosed. The plant will not power Meta’s data centers directly – instead it will continue to provide power to the regional grid, while contributing to the tech giant’s goal of 100% clean electricity.
Constellation shares rallied more than 15% on the agreement.
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