Constellation, Amazon sign 20-year power deal to support Maryland nuclear plant
Amazon agreed to buy 690 megawatts of power from Constellation Energy over 20 years, backing upgrades at Maryland's Calvert Cliffs nuclear plant.
Amazon has signed a 20-year power-purchase agreement with Constellation Energy Corp. to buy 690 megawatts of power, Reuters reported. Constellation said in a statement Wednesday that the deal will help boost capacity at Calvert Cliffs, the only nuclear plant in Maryland, according to Bloomberg.
The agreement includes 190 megawatts of new capacity from upgrades at Calvert Cliffs, per Bloomberg. Constellation is the biggest nuclear operator in the United States, according to Bloomberg. Pricing was not disclosed, but Bloomberg reported the deal will support more than $3 billion in Maryland energy infrastructure investments.
Why it matters
The deal supports more than $3 billion in investments in Maryland's energy infrastructure and expands capacity at the state's only nuclear plant, according to Bloomberg.
Key facts
- Amazon will buy 690 megawatts of power from Constellation Energy under a 20-year agreement, Bloomberg reported.
- The deal includes 190 megawatts of new capacity from upgrading the Calvert Cliffs nuclear plant, per Bloomberg.
- Constellation announced the deal in a statement Wednesday, Bloomberg reported.
- Bloomberg reported the agreement will support more than $3 billion in Maryland energy infrastructure investments.
- Pricing details were not disclosed by the companies, Bloomberg reported.
Sources
- ReutersConstellation, Amazon sign 20-year power deal to support Maryland nuclear plant
- TechmemeAmazon signs a 20-year deal to buy power from Constellation Energy, including boosting capacity at its Maryland nuclear plant, supporting $3B+ in investments (Will Wade/Bloomberg)
- BloombergAmazon Nuke Deal to Help Expand Constellation Maryland Site
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