Constellation (Nasdaq: CEG), the largest U.S. producer of reliable, emissions-free nuclear energy, announced a conditional loan commitment of up to $5 billion from the U.S. Department of Energy's Office of Energy Dominance Financing to support nuclear uprates at select facilities. The funding would help accelerate projects that increase output from existing nuclear plants, adding reliable power to the grid without building new generation or transmission. Constellation's 20-year agreements with Google and Amazon have prompted more than $7 billion in investment to add about 1,080 megawatts of nuclear capacity, and a deal with Meta supports a 30-megawatt expansion at Clinton Clean Energy Center in Illinois. The company says the conditional commitment could lower financing costs and enable additional capacity at greater scale.
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