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StocksMediumUpdated•Originally published 1 October 2026•Updated 1 October 2026•
1 min read

Constellation Energy Secures 20-Year Power Deal with Amazon for AI Data Centers

Key Facts

1Constellation Energy secured a 20-year power agreement with Amazon.
2Constellation Energy benefits as an unregulated utility by attracting mega-tenants like Amazon and Microsoft.

Constellation Energy secured a 20-year agreement to supply Amazon with 690 megawatts of power. Seeking Alpha reported that the energy will be sourced from the Calvert Cliffs nuclear plant in Maryland to support the tech giant's AI data center requirements. Analysts at Goldman Sachs expressed positive sentiment regarding the deal, noting Constellation's strategic position as an unregulated utility.

CEG closed at $254.02 on September 30, 2026, after reaching a session high of $263.71. Meanwhile, AMZN was trading at $247.8494 on October 1, 2026, with a session range between $246.1167 and $251.83. This partnership underscores the drive by major technology firms to secure dedicated and reliable power sources for their expanding cloud infrastructure.