While neither Meta nor Constellation disclosed the value of the deal, Mark Nelson, founder of Radiant Energy Group, estimated that it would cost around $17 billion, of which between $7 billion to $9 billion would be profit for Constellation, enough to fund the building of a new plant. Either way, the announcement represents the “first time a nuclear customer is proposing another nuclear reactor in the state,” Nelson told me.
These types of deals are not exactly novel anymore (Microsoft struck a deal with Constellation last year to resurrect Three Mile Island), but they demonstrate a shift in mindset among tech companies, which are finally showing some respect for the emissions benefits of nuclear energy — albeit about a decade late.
The 2010s were a dark time for the nuclear industry. Cheap natural gas threatened the economic viability of aging plants, while the disaster at the Fukushima Daiichi nuclear plant in Japan combined with rising enthusiasm for renewable power had left the industry politically isolated. Between 2012 and 2022, 12 nuclear reactors closed in the U.S. Those 12 plants represented over 9,000 megawatts of capacity, about a 10th of the total capacity of the American nuclear fleet.
Nuclear plants suffered most in “restructured” electricity markets like Illinois’, where utilities generally purchase power from independent power producers. In these markets, power that’s cheap on an hourly basis, i.e. renewables and natural gas, sets the price for the whole system, which can disadvantage nuclear power.
At the same time, big technology companies were ramping up purchases of low-carbon power — typically wind and solar — with Google doing its first power purchase agreement in 2010. Many state and federal programs to support alternative energy usage were aimed at wind and solar, i.e. were no help to struggling nuclear generators. Environmental groups were largely either indifferent or outright opposed to nuclear power.
Eventually states had to do what the market couldn’t and big tech wouldn’t and step in and keep plants alive. A broader Illinois clean energy law from 2016 included a program to support nuclear power plants by paying for what the market had historically ignored: the fact that their electricity is generated without carbon dioxide emissions. The zero emission credits were part of a larger climate law that provided 10 years of support for downstate nuclear plants. The Illinois bill followed on similar efforts in New York to keep upstate plants open.
(The push and pull between the economic and environmental concerns on both sides of the nuclear argument also led to some bizarre political inversions: At the same time New York was working to keep the upstate plants open, then-Governor Andrew Cuomo joined with Riverkeeper, the environmental group long associated with Cuomo’s ex-brother-in-law Robert F. Kennedy, Jr., to close the Indian Point nuclear plant closer to New York City.)
Environmental groups supported the New York and Illinois clean energy programs, but they were at best cool to the nuclear provisions, illustrating the political hole nuclear power plants had fallen into. Touting the pollution benefits of the Illinois law, the Natural Resources Defense Council claimed that “nuclear energy does not represent a clean energy resource.” In New York, the NRDC filed a brief supporting the state’s legal authority to set up a zero emission credit system — “not because it supports the nuclear support program,” but rather because it supported the broader principle of paying for zero-emissions attributes.
The Environmental Defense Fund likewise supported the Illinois law, but with assurances that the nuclear credits “only represents a small fraction of the more-than-500-page bill.” The Union for Concerned Scientists hailed the bill but also made clear that it was “much more than a nuclear subsidy.”
The balance changed in earnest with the 2022 Inflation Reduction Act, which included generous subsidies for new and existing nuclear power, reflecting both its lack of emissions and the industry’s longstanding sway in Washington. Then tech companies’ demand for energy started to climb with the advent of large language models and the immense power needed to train and operate them.
Energy policy experts at the big tech companies were also rethinking how best to decarbonize their operations. They had “run out of baseload,” Nelson told me, referring to always-on power sources as opposed to intermittent sources like wind and solar, and so would need to start supporting options like nuclear in order to truly decarbonize. With the arrival of a new breed of artificial intelligence, Nelson said, these companies realized that they were, in fact, industrial electricity purchasers and would have to act like it.
The past year has seen a flurry of big tech and nuclear tie-ups.
Amazon acquired a data center adjacent to a nuclear power plant in Pennsylvania in March, 2024, although the company’s subsequent efforts to use it as a “behind the meter” power source soon faced regulatory opposition. Google, along with Microsoft and Nucor, announced a plan to work together to buy and advance the development of non-carbon-emitting power, including nuclear. Microsoft announced its Three Mile Island deal later last year, while Amazon started investing in small modular reactors and Google said it would buy power from plants built by the advanced nuclear company Kairos. And in December, Meta released a request for proposals for nuclear energy developers to deliver at least 1 gigawatt and up to 4 gigawatts of clean power by “the early 2030s,” which the company said today it was “still advancing.”
Meta’s deal for the Clinton nuclear plant will essentially replace the Illinois emissions credit program, which runs out in 2027. The announcement of the deal also reflects the volatile and confusing politics of clean power in 2025. While Republicans in Congress are looking to slash the Inflation Reduction Act and its support for clean power investment and production, the House budget reconciliation bill included carve-outs for advanced nuclear power. The Trump administration has also signed a fleet of executive orders looking to streamline nuclear power regulations and encourage new nuclear development, reflecting the high esteem the industry has with the Republican Party despite its lack of interest (at best) in climate change policies, per se.
When Constellation announced the Three Mile Island project less than a year ago, it included a quote from a Biden Energy Department official, as well as a line about how “renewed interest in nuclear energy has spread globally as nations seek to electrify their economies to support the digital economy and address the climate crisis.” This time, Constellation included quotes from Clinton, Illinois’s mayor, as well as three legislators who represent the area, all Republicans, and a local union official. It also mentions climate change zero times, although it does describe the electricity generated by the plant as “emissions free.” (Meta’s release also doesn’t mention climate change specifically.)
Thermasol
The American Clean Power Association
