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Constellation Energy CEG

The largest nuclear plant operator in the US, spun off from Exelon in 2022.

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What it does

Produces carbon-free electricity around the clock and sells it under long contracts to tech companies that need power for AI data centers.

Ticker
NASDAQ:CEG
Headquarters
Baltimore, EUA
Founded
2022
Evidence Radar

✓ Evidence

  • Largest nuclear fleet in the US.
  • Deal with Microsoft to restart Three Mile Island Unit 1 (Crane Clean Energy Center).
  • Announced the acquisition of Calpine, adding gas and geothermal generation.

◷ Promises

  • Uprate existing plants and extend their licenses.

⚠ What could go wrong

  • Regulation and approval of contracts tied directly to data centers.
  • Unplanned plant outages.
  • Power price swings.

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