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Constellation Energy Soars on 20-Year Nuclear Power Deal with Meta

byLiliana Vida
June 3, 2025
in Energy, Large-Cap, Oil & Gas, Renewables
Reading Time: 2 mins read
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AI data center boom drives Big Tech toward long-term nuclear energy partnerships

Constellation Energy (CEG) surged 7% in early trading Tuesday after announcing a major 20-year energy deal with Meta Platforms (META), aimed at powering the social media giant’s growing AI infrastructure. The agreement highlights a growing trend among tech companies: securing clean, reliable nuclear energy to meet rising data center demands.

The agreement, which begins in 2027, will support Meta’s AI operations in Illinois, including its data center in Dekalb that opened in 2023. Constellation said the deal will help expand its Clinton nuclear facility by 30 megawatts, preserving 1,100 local jobs. Although the financial terms were not disclosed, the announcement reinforces Constellation’s recent momentum. The stock has climbed 27% this month following its upbeat Q1 earnings report and favorable nuclear policy support from the Trump administration.

“Securing clean, reliable energy is necessary to continue advancing our AI ambitions,” said Urvi Parekh, Meta’s head of global energy, in a statement.

Meta is expected to spend up to $72 billion in 2025 to support its AI initiatives, much of which is driving demand for stable energy sources. Other tech giants are making similar moves. In 2024, Microsoft struck a deal with Constellation to reopen the Three Mile Island facility, projected to generate $785 million in annual revenue by 2030. That announcement sent Constellation shares up 22% on the day.

Amazon and Oracle are also turning to nuclear. Amazon acquired a data center from Talen Energy for $650 million last year, while Oracle is developing a data center powered by small modular nuclear reactors.

As AI infrastructure expands, long-term nuclear power agreements are fast becoming essential components of Big Tech’s energy strategy.

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