Constellation Signs 20-year Power Purchase Agreement With Microsoft That Will Pave The Way For Launch Of Crane Clean Energy Center And Restart Of Three Mile Island Unit 1
Portfolio Pulse from Benzinga Newsdesk
Constellation has signed a 20-year power purchase agreement with Microsoft, which will lead to the launch of the Crane Clean Energy Center and the restart of Three Mile Island Unit 1. This agreement will add 835 megawatts of carbon-free energy to the grid, create 3,400 jobs, and generate over $3 billion in taxes.
September 20, 2024 | 11:05 am
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Constellation has signed its largest-ever power purchase agreement with Microsoft, which will lead to the restart of Three Mile Island Unit 1 and the addition of 835 MW of carbon-free energy to the grid.
The agreement with Microsoft is significant for Constellation as it involves a large-scale project that will enhance its clean energy portfolio and create substantial economic benefits. This is likely to positively impact Constellation's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Microsoft's agreement with Constellation to purchase carbon-free energy supports its sustainability goals and will power its data centers with clean energy.
The agreement aligns with Microsoft's sustainability initiatives, enhancing its reputation and potentially attracting environmentally conscious investors, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70