Constellation Energy Expands For AI Power Demand As Valuation Draws Scrutiny
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Constellation Energy is expanding its footprint through an acquisition of Calpine, adding substantial generation assets focused on serving growing power needs from technology companies. The company has entered into long term agreements with Microsoft and Meta to supply electricity for AI focused data centers. Plans to restart the Three Mile Island nuclear reactor are aimed at providing additional low carbon capacity to meet rising demand from artificial intelligence. Constellation Energy,...
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Constellation Energy is expanding its footprint through an acquisition of Calpine, adding substantial generation assets focused on serving growing power needs from technology companies. The company has entered into long term agreements with Microsoft and Meta to supply electricity for AI focused data centers. Plans to restart the Three Mile Island nuclear reactor are aimed at providing additional low carbon capacity to meet rising demand from artificial intelligence. Constellation Energy,...