Meta Strikes 20-Year Clean Energy Deal with Constellation Energy
Meta Platforms (NASDAQ: META) has agreed to purchase the clean energy attributes from Constellation Energy’s (NASDAQ: CEG) Clinton Clean Energy Center in Illinois, covering 1,121 megawatts of nuclear generation. The 20-year agreement starts in June 2027 and replaces current support from an Illinois zero-emission credit program, which expires at that time.
Constellation Energy has raised its 2026 adjusted operating earnings guidance to between $11.50 and $12.50 per share, marking a projected 28% increase from last year’s earnings. The contract with Meta is set to significantly contribute to Constellation’s future revenue, although it does not impact current financial results, which are rising independently due to other market conditions and acquisitions.
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