The U.S. Energy Department authorized a conditional loan of up to $5 billion for Constellation Energy to add nearly 1.1 gigawatts of electricity generation from nuclear power plants in Illinois, Maryland, and Pennsylvania, officials announced Oct. 27.
Agreements to provide electricity to data centers in the region require the company to expand its power generation in the three states.
“This is how America wins the race for energy abundance—by pairing private-sector demand and investment with smart federal financing to unlock more power from the nuclear plants we already have,” said Joe Dominguez, Constellation chairman, president, and CEO, in a statement.
The Maryland-based company, the largest nuclear power plant operator in the United States, operates 12 nuclear power facilities….