Constellation could hash out similar deals with other hyperscalers, but it is a “high risk” investment, notes Citi’s Ryan Levine.

Constellation said the long-term contract will help extend the operating life of the Clinton plant, which faced possible closure after the expiration of its zero-emissions credit. The deal also includes a planned 30-megawatt capacity expansion.

KEY TAKEAWAYS Constellation Energy shares are surging in early trading Tuesday after the company said it had struck a 20-year deal to sell nuclear power to Meta Platforms, in the latest tech firm-to-nuclear tie-up aimed at powering data centers.