Constellation Energy (CEG) could reportedly receive up to $5 billion in conditional financing from the U.S. Department of Energy (DOE) to increase output at its existing nuclear plants, as power demand from AI data centers and manufacturing grows. According to Bloomberg, the loan is expected to support upgrades at eight facilities and add nearly 1.1 gigawatts of electricity, including six plants in Illinois, Calvert Cliffs in Maryland and Limerick in Pennsylvania. It would be the second government loan Constellation receives in less than a year, following a $1 billion DOE loan in November 2025 to restart the 835-megawatt Crane Clean Energy Center in Pennsylvania. CEG shares rose more than 5% on the news but were trading about 2% higher at the time of writing. Earlier, Constellation signed two agreements with Google covering roughly 3,590 megawatts, and CEG shares have fallen nearly 30% so far this year.
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