Constellation acquired Calpine for energy footprint, while Meta and Microsoft require reliable, carbon-free power for their data centers.
10 reports, 5 independent
Updated Sep 3
Gone quiet
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- Repetition
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Constellation acquired Calpine for energy footprint, while Meta and Microsoft require reliable, carbon-free power for their data centers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Meta and Microsoft are utilizing clean energy facilities owned by Constellation, including the Clinton and Crane Centers.Sub-event
NextEra plans to acquire Dominion as energy companies address AI data center power demands.1 source
- The AI boom is driving up energy demand, requiring Constellation Energy to meet increased power needs for data centers.Sub-event
- Constellation Energy is leveraging its nuclear power assets and the recent acquisition of Calpine to secure revenue streams from data center agreements with tech giants like Microsoft and clients like Walmart.Sub-event
Constellation Energy secured long-term power purchase agreements following its acquisition of Calpine.1 source
Constellation and Calpine finalize a 20-year power deal for the Clinton plant.1 source
Constellation acquired Calpine; Meta and Microsoft are seeking reliable, carbon-free energy sources.1 source
Keep exploring
The entities involved
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Constellation Energy
energy company headquartered in Baltimore, Maryland, United States
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Meta
American technology company
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Microsoft
American multinational technology corporation
- Nvidia is expanding its platform deployment across major cloud providers, including Google Cloud and Microsoft Azure.
- Cloud giants, including Microsoft, Amazon, Anthropic, OpenAI, and Google, are benefiting from overall AI market growth while navigating corporate cost containment and future market competition.
Related events
- Constellation Energy is securing business deals for nuclear power, including restarting Three Mile Island Unit 1 for corporate clients like Meta and Microsoft.
- Calpine, a geothermal complex operator in California, has been acquired by Constellation Energy.
- Constellation secures long-term PPAs with Microsoft and Bank of America, while FERC regulates grid approvals and Texas pauses data center requests.
- Microsoft partnered with Chevron, while Solar Turbines (a Caterpillar subsidiary) and GE Vernova provided gas turbines for the data center facility.
- Constellation Energy acquired assets from Calpine. Concurrently, NRG Energy advanced a gas project in Texas, and Millennium Management increased its stake in the company.
Coverage
Newest first; wire copies grouped- yahoo.com
- fool.com
- fool.com
- foreignpolicyjournal.com
- yahoo.com
- fool.com
- Motley FoolIs Constellation Energy Stock a Buy Now? Constellation Energy has positioned itself as a major supplier of reliable, carbon-free energy. In the past year, it has announced major power purchase agreem
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