Within a week, two of the three largest cloud computing companies in the world signed 20-year contracts for nuclear electricity. Amazon has taken 690 megawatts from Constellation’s Calvert Cliffs plant in Maryland, including 190 megawatts of additional generating capacity expected between 2030 and 2032. Google has signed an agreement that will bring 890 megawatts of additional nuclear capacity into the United States. Constellation is investing more than $4.3bn to upgrade 11 reactors across Illinois, Pennsylvania, and New Jersey. Neither agreement, however, involves building a new nuclear reactor. Rather, they are paying to generate more output from reactors that already exist – some of which are even older than the companies themselves.
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