Constellation Energy (CEG) and Walmart Announce Long-Term Nuclear Power Purchase Agreement

Constellation Energy Corporation (NASDAQ:CEG) is one of the best non-tech stocks to buy according to analysts. Constellation Energy Corporation (NASDAQ:CEG) and Walmart announced on June 23 a long-term nuclear power purchase agreement for emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois, with the agreement including around 176 MW of wholesale supply. This includes 30 MW of expanded generating capacity. Management stated that the agreement supports reliable nuclear energy in the region, adding that Walmart will purchase energy, environmental attributes, and capacity through two 15‑year terms beginning in 2029 and 2030. It will help Walmart bolster local energy infrastructure and access cleaner energy. Jim McHugh, Senior Executive Vice President and Chief Commercial Officer, Constellation Energy Corporation (NASDAQ:CEG), stated that the agreement reflects “long‑term stewardship of critical infrastructure, the communities it serves, and the energy system that powers American growth”.

Constellation Energy Corporation (NASDAQ:CEG) further reported that through uprates at the Dresden Clean Energy Center, this agreement will provide enough new power to the grid to support Walmart’s previously announced high-tech perishable distribution center, which is currently in development in Belvidere, Ill.

Constellation Energy Corporation (NASDAQ:CEG) is involved in the generation, marketing, and supply of clean electricity and renewable energy products and services. The company’s operations are divided into the following geographical segments: Mid-Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT), and Other Power Regions Segment. The company was founded in 1960 and is headquartered in Baltimore, MD.

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