Constellation and Amazon Sign 20-Year PPA for 190 MW of Nuclear Power at Calvert Cliffs
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Key Takeaways
- Constellation and Amazon signed a 20-year PPA to add 190 MW of nuclear capacity at Calvert Cliffs.
- The agreement facilitates more than $3 billion in Maryland infrastructure investment for plant-wide improvements.
Constellation Energy Corporation (Nasdaq: CEG) and Amazon (Nasdaq: AMZN) announced a 20-year power purchase agreement today that will fund a 190-megawatt (MW) capacity uprate at the Calvert Cliffs Clean Energy Center in Maryland.
The long-term contract will anchor more than $3 billion in infrastructure investments across the 1,790 MW facility, which currently operates as Maryland's sole nuclear power plant.
The Structure: Front-of-the-Meter Power Allocation
Unlike controversial behind-the-meter co-location models that physically siphon power from the grid, the Constellation and Amazon agreement is structured as a front-of-the-meter transaction. All electricity generated by the Calvert Cliffs facility will continue flowing directly to the regional PJM grid.
