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Meta, Constellation Strike 20-Year Nuclear Energy Deal
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Meta, Constellation Strike 20-Year Nuclear Energy Deal
Jun 3, 2025 10:22 AM

01:06 PM EDT, 06/03/2025 (MT Newswires) -- Meta Platforms ( META ) agreed to buy electricity from Constellation Energy ( CEG ) in a deal that would keep Constellation's nuclear power facility, Clinton Clean Energy Center, operational for two more decades.

Under a 20-year agreement, the Clinton plant will provide Meta with 1,121 megawatts of energy beginning in June 2027, the companies said Tuesday. The facility was set to be shut down in 2017 due to financial losses, but Illinois' zero emission credit program prevented the premature closure by providing financial support. That support ends by mid-2027.

Financial terms of the Meta-Constellation deal weren't disclosed.

"We are excited to partner with Constellation and the Clinton community to ensure the long-term operations of the nuclear plant, add new capacity, and help preserve over 1,000 jobs," Urvi Parekh, head of global energy at Meta, said in a statement. "Securing clean, reliable energy is necessary to continue advancing our (artificial intelligence) ambitions."

Meta separately said it is looking to invest in new nuclear projects across multiple US states to support future data centers.

The power purchase agreement between Meta and Constellation is the latest in a string of partnerships between technology companies and the nuclear industry.

In May, Alphabet's (GOOG, GOOGL) Google ( GOOG ) said it would provide funding to help Elementl Power prepare three potential sites in the US for advanced nuclear projects.

In October, Amazon.com ( AMZN ) announced new agreements to support the development of small modular nuclear reactors, including anchoring a funding round for X-Energy Reactor and partnering with Dominion Energy ( D ) .

Microsoft ( MSFT ) last year announced a 20-year power purchase agreement with Constellation.

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