Constellation Energy announced a deal with Microsoft Friday to provide nuclear power to the tech giant for 20-years.
Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher after the company announced it signed a 20-year power purchase agreement with Microsoft Corporation (NASDAQ:MSFT). The deal entails the launch of the Crane Clean Energy Center (CCEC) and the restart of Three Mile Island Unit 1, which was closed five years ago. As per this agreement, Microsoft will source energy from the renewed plant to align its PJM data centers’ power use with carbon-free energy, supporting its sustainabil
Both big tech players are benefiting from AI's rise.