← Back to the board
Issue file · activeTracking since Oct 8 · 4 articles · 3 outlets
DOE offers Constellation $5 billion loan for nuclear uprates
Tracking: Nuclear plant uprates for data center powerPolicy matter covering power uprates at existing US nuclear plants financed by hyperscaler offtake deals, including NRC licensing of uprates, DOE Loan Programs Office financing, PJM capacity and interconnection treatment of added nuclear MW, and federal support for supply chain vendors like Westinghouse.
Energy
Articles · 14 days
- Earliest seen
- Oct 8
- Canary Media · Thursday, Oct 8
- Articles · 30d
- 3
- 1.0 per story
- Outlets
- 3
- Most: ANS Nuclear Newswire (1)
- Hill · 30d
- 0
- None in 30 days or ahead
- Contracts · 30d
- 0
- No awards or solicitations
- Momentum
- 0.2
- Articles ▲2 vs prior week
Activity
30 days back, 14 ahead · hollow = scheduledWhat's happening
Updated 2d agoDOE has committed a conditional loan of up to $5 billion to Constellation to boost output at 15 reactors across eight plants in Illinois, Maryland and Pennsylvania, covering up to 80 percent of eligible uprate costs. The loan follows Constellation's 20-year deal with Google to add 890 MW through uprates at 11 PJM plants. Constellation is also marketing hybrid capacity contracts that pair its existing fleet with new capacity; the items show no scheduled next steps.
Latest
4d agoOur first signal
Hill
No policymaker activity in the window.
Contracts
From news coverageDOE's Office of Energy Dominance Financing issued a conditional commitment of up to $5B to Constellation, covering up to 80 percent of eligible uprate costs from 2023 to 2035; the Google deal carries a budget topping $4.3 billion.
Pressure
3 articlesThe Nuclear Innovation Alliance backs the DOE loan and calls uprates the fastest, most practical near-term clean nuclear capacity; MAREC Action supports long-term revenue agreements for new PJM generation, and PJM voices support for new supply.
Who covered it, when
A dot per article · ringed = earliest in our sourcesForces at work
share of articles- Market3 · 75%Constellation signed a 20-year, 890 MW uprate deal with Google across 11 PJM plants and is offering hybrid capacity contracts pairing its existing fleet with batteries, generation and demand response.Constellation Energy · Joe Dominguez · Google · Jefferies
- Procurement & funding1 · 25%DOE issued a conditional loan commitment of up to $5B to Constellation for uprates at 15 reactors across eight plants in IL, MD and PA.DOE Office of Energy Dominance Financing · Constellation Energy · Nuclear Innovation Alliance
In the news
4 articles2d agoANS Nuclear NewswireConstellation Q3 updates: New Peak+, uprates, restart, midterm elections 4d agoUtility DiveConstellation pursues hybrid capacity contracts alongside nuclear uprates Oct 28Canary MediaOriginalThe DOE announces $5B loan to Constellation for nuclear uprates Oct 8Canary MediaEarliestOriginalConstellation and Google go in on nuclear uprates to unlock clean power