US Government Supports Launch of Crane Clean Energy Center by Constellation Energy (CEG)

Constellation Energy Corporation (NASDAQ:CEG) is one of the 15 Best Performing AI Stocks Heading into 2026. On November 18, Reuters reported that the Trump administration has backed Constellation Energy Corporation’s (NASDAQ:CEG) Crane Clean Energy Center in Pennsylvania with a $1 billion loan.

According to the report, Constellation Energy Corporation (NASDAQ:CEG) entered into an agreement in late 2024 with Microsoft Corporation (NASDAQ:MSFT) to restart the reactor, which has been shut since 2019. However, when restarted, it will help power Microsoft Corporation’s (NASDAQ:MSFT) data centers.

US Government Supports Launch of Crane Clean Energy Center by Constellation Energy (CEG)

The US government is supporting the company’s plan to launch the Crane Clean Energy Center, which will add 835 megawatts of new baseload power to the grid. This news comes as demand for electricity in the US is rising for the first time in 20 years, driven by new technologies such as AI. Nuclear energy is virtually free of carbon emissions, which makes it a good choice for tech companies that need uninterrupted power.

Constellation Energy Corporation (NASDAQ:CEG) said that the loan will help lower financing costs and utilize private investment. This support will help restore power to the grid and support the AI industry in the US.

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers.

While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CEG and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.