Meta to buy nuclear power from Constellation Energy Corp.

Bloomberg reports that “Constellation Energy Corp. ($CEG) agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc. ($META) This deal could spur constraction of a new reactor at the site as artificial intelligence sends power demand soaring.”

This positive trend for nuclear power has been going on since 2022 when the Russia-Ukraine war and the AI boom later triggered a rush for this zero-emission clean energy source.

The stock of Constellation Energy Corp. ($CEG) is up 11% in pre-market trading.

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This article was written by Giuseppe Dellamotta at www.forexlive.com.