Amazon, Alphabet sign 20-year nuclear power purchase agreements with Constellation
CCJ Cameco Corp
$87.12 -2.19%
View chart & analysis → - 1Amazon signed a 20-year agreement last week to purchase power from Constellation Energy's Calvert Cliffs Clean Energy Center in Maryland.
- 2Alphabet signed a 20-year contract earlier this week to purchase nuclear power produced at 11 facilities in Illinois, Pennsylvania, and New Jersey from Constellation.
- 3Shares of Cameco, which holds a 49% stake in Westinghouse, rose following the news of Alphabet's power purchase agreement.
So what's the key point?
Amazon and Alphabet have agreed to buy nuclear electricity from Constellation for 20 years. Cameco's stock price rose on this news.
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