Amazon signs 20-year nuclear power deal with Constellation to add 190 megawatts at Calvert Cliffs
AI Market Summary
Amazon signed a 20-year nuclear power purchase agreement with Constellation for 690 MW from Calvert Cliffs, supporting over $3B of infrastructure investment and a planned ~190 MW expansion in 2030–2032. A PJM-wide retail supply deal adds cost visibility for Amazon's regional operations. The deal underscores rising power demand from data centers and AI buildouts and provides revenue certainty to support Calvert Cliffs license extensions.
Impact level
● Medium
Affected assets
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AI Insight · NCSKAMZN2USD/USDTAI Insight
● Neutral
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Amazon has signed a 20-year nuclear power purchase agreement with Constellation Energy, backing more than $3 billion in infrastructure investment and adding 190 megawatts of capacity at the existing Calvert Cliffs plant. The companies also struck a retail electricity supply deal covering the 13-state PJM market to secure power for Amazon’s operations. Calvert Cliffs is Maryland’s only nuclear power plant, with total capacity of 1790 megawatts.
