Amazon Inks 20-Year Nuclear Power Deal with Constellation After Scrapping Maryland Data Center
AMZN sits 27% above its 52-week low of $196.
Summary
Amazon has signed a 20-year agreement with Constellation Energy to upgrade the Calvert Cliffs nuclear plant in Maryland, adding 190 MW of capacity and securing up to 690 MW of long-term power. The deal follows Amazon's decision last month to abandon a data center campus near the plant due to community opposition. The agreement supports over $3 billion in investments and extends the plant's operations, with one reactor up for re-licensing in 2034 and another in 2036. This is Amazon's first nuclear 'uprate project' and reinforces its aggressive push to secure carbon-free energy for AI data centers. The move also highlights growing tensions between data center expansion and local opposition over energy prices and environmental concerns.
At the time of this announcement, AMZN was trading at $249.66 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.7T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.