Post - Articles
Constellation Energy may buy Calpine in $30 billion deal
- 12 days ago (2025-01-09)
- David Flin
According to a report in Bloomberg, Constellation Energy is in talks to buy Calpine in a deal valued at nearly $30 billion. This would be one of the largest power and utility deals in the USA.
EVision 2025
The deal comes at a time of a large increase in power demand forecasts associated with the growth in AI data centres. The US is in the midst of a sharp rise in power demand following two decades of little growth. The consulting firm ICF predicts that the country’s power demand will rise by 20 per cent by 2033.
Calpine operates a fleet of 78 gas plants and other energy facilities across the USA. Constellation operates the largest fleet of conventional nuclear reactors in the USA and last year announced it planned to reopen the Three Mile Island nuclear plant in Pennsylvania. The proposed deal indicates Constellation is seeking to complement its nuclear fleet with natural gas-fired plants.