Constellation Energy’s Strategic Clean Energy Initiatives with Microsoft

Constellation Energy’s Strategic Clean Energy Initiatives with Microsoft

Constellation Energy Corporation ( (CEG) ) has provided an announcement.

Constellation Energy Corporation has announced a major 20-year power purchase agreement with Microsoft, marking a significant step towards relaunching the retired Three Mile Island Unit 1 as the Crane Clean Energy Center. The move, expected to reintroduce 835 megawatts of carbon-free energy into the grid by 2028, will create 3,400 jobs and generate over $3 billion in taxes. This agreement aligns with Microsoft’s carbon-negative goals and will provide clean energy for its data centers. The restart is contingent on regulatory approvals and license renewal, aiming to extend operations until at least 2054.

For detailed information about CEG stock, go to TipRanks’ Stock Analysis page.

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