DOE Commits $5B Loan to Constellation for 1.1GW Nuclear Uprate Pre-Sold to Google, Meta and Amazon

The Department of Energy on October 28 announced a $5 billion loan commitment to Constellation Energy to uprate 11 reactors across eight plants in Illinois, Maryland and Pennsylvania, adding roughly 1.1 gigawatts of nuclear capacity. The output is already contracted: Google is buying additional power from one Pennsylvania and four Illinois plants, Amazon from a Maryland facility, and Meta is effectively acquiring the entire Clinton plant. Constellation had previously committed over $7 billion toward adding 1,080 MW for tech customers.