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# Constellation Energy — Nuclear Power AI Play
## Thesis
AI data centers require massive, reliable baseload power. Nuclear is the only carbon-free option that can deliver 24/7 at gigawatt scale. CEG owns the largest US nuclear fleet.
## Key Data Points
- **Nuclear Fleet:** 21 GW capacity (largest in US)
- **PPA Pipeline:** 3 signed hyperscaler deals totaling 2.4 GW
- **Contract Duration:** 15-20 year PPAs at premium pricing
## Why Nuclear Wins
1. AI data centers need 99.99% uptime — nuclear delivers
2. Carbon-free mandates from MSFT/GOOG/AMZN
3. No new nuclear capacity coming online until 2035+
CEGEarningshigh
CEG: Nuclear Power for AI Data Centers
February 15, 2026