Meta Powers AI Ambitions with 20-Year Nuclear Energy Deal with Constellation Energy

Key Highlights:

• Meta signs a 20-year agreement with Constellation Energy to source 1.1 GW of nuclear power from Clinton Clean Energy Center.
• The deal ensures the plant's operation through 2047, preserving over 1,100 jobs and contributing $13.5 million annually in tax revenue.
• Constellation's stock rises over 6% following the announcement.

In a significant move towards sustainable energy, Meta Platforms have entered into a 20-year power purchase agreement (PPA) with Constellation Energy. Starting in June 2027, Meta will procure 1.1 gigawatts of nuclear power from the Clinton Clean Energy Center in Illinois, aligning with its goal to match 100% of its electricity use with clean energy.

Constellation’s stock surged 5.9% to $332.00 at 9:55 AM EDT on June 3, 2025, adding to its strong momentum this year. The stock has traded between a 52-week low of $155.60 and a high of $352.00, reflecting a market cap of approximately $104.8 billion. With an average volume of 3.85 million shares and a trailing PE ratio of 35.21, Constellation remains a key player in the U.S. clean energy sector, generating about 10% of the nation’s carbon-free electricity.

This agreement not only supports Meta's clean energy objectives but also ensures the continued operation of the Clinton facility, which was previously slated for closure in 2027 due to the expiration of Illinois' Zero Emission Credit program. The deal facilitates the plant's relicensing and includes plans to increase its output by 30 megawatts through upgrades.

Source: Global NewsWire

The Clinton Clean Energy Center, operational since 1987, plays a crucial role in the local economy, employing over 1,100 individuals and generating approximately $13.5 million in annual tax revenue. The partnership with Meta secures these economic benefits for the region without additional costs to taxpayers.

Financial markets responded positively to the news, with Constellation Energy's stock (NASDAQ: CEG) experiencing a notable increase of over 6% following the announcement. This surge reflects investor confidence in the company's strategic direction and the growing importance of nuclear energy in meeting clean energy demands.

Meta's commitment to nuclear energy is part of a broader trend among tech giants seeking reliable, carbon-free power sources to support their expanding operations, particularly in areas like artificial intelligence. The company has also initiated a request for proposals to identify additional nuclear projects, aiming to secure 1 to 4 gigawatts of new generation capacity.

This landmark agreement between Meta and Constellation Energy underscores the evolving relationship between technology companies and traditional energy providers, highlighting a collaborative approach to achieving sustainability goals and ensuring energy reliability for the future.