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DOE offers Constellation up to $5B loan for 1.1 GW nuclear uprates at eight plantsAI illustration
DevelopingEnergyReported 2026-10-28 07:43

DOE offers Constellation up to $5B loan for 1.1 GW nuclear uprates at eight plants

The U.S. Department of Energy offered Constellation Energy a conditional $5 billion loan to finance nuclear power uprates and modernization at eight plants in Illinois, Maryland, and Pennsylvania, potentially adding 1.1 GW of generating capacity to the existing fleet.

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Why it matters. The financing supports grid reliability in PJM and MISO regions facing elevated maintenance outages and tight reserve margins, while advancing the DOE's UPRISE initiative toward a 5-GW nuclear capacity target.

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Who and what it touches

U.S. Department of En…financesAmazoncustomer ofMicrosoftagreement withAlphabetsuppliesNuclear powerusesCalpineacquiresCalvert Cliffs Nuclea…ownsCrane Clean Energy Ce…ownsConstellation E…

Into Constellation Energy

From Constellation Energy

Each line is a relation with evidence behind it, drawn in the direction it points. A line shows that two things are connected, not how far this change reaches.

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Evidence

  • PPOWER MagazineMedia2026-10-28 07:43
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  • CCanary MediaMedia2026-10-29 03:00
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