Meta Boosts AI Power with 15% Rally in Constellation Energy Shares
TL;DR Summary
Meta has signed a 20-year agreement to purchase nuclear power from Constellation Energy's Clinton plant in Illinois, supporting the plant's operation and relicensing, and marking Meta's first official move into nuclear energy to power its data centers and meet its clean energy goals. Constellation's shares surged over 15% following the deal, which is part of a broader trend of tech companies investing in nuclear energy to expand their renewable energy sources.
- Constellation Energy rallies 15% on Meta nuclear power deal CNBC
- Meta Signs Nuclear Power Deal to Fuel Its AI Ambitions WSJ
- Meta goes nuclear to power AI with clean electrons Axios
- Facebook Owner Meta to Buy Nuclear Power From Constellation as AI Demand Soars Bloomberg.com
- Constellation Energy Group, Inc. (CEG) +11pct on Nuclear Power Sales to Meta StreetInsider
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