Walmart, Constellation Energy Sign 15-Year Nuclear Power Deal
The 15-year contracts will supply about 176 megawatts, including 30 megawatts from planned upgrades, to Walmart’s new distribution center.
- On Tuesday, Walmart signed a 15-year nuclear power purchase agreement with Constellation Energy to supply roughly 176 megawatts of electricity to a perishable distribution center in Belvidere, Illinois, from the Dresden Clean Energy Center.
- The agreement supports efficiency upgrades at Dresden, allowing the facility to increase output by 30 megawatts without building new generation capacity and providing baseload clean power capable of operating 24/7.
- Walmart senior vice president of energy Shayne Wahlmeier said, "Working with Constellation allows us to support new operations in Illinois," emphasizing the retailer's commitment to affordable, reliable, and clean energy.
- Two 15-year contracts structure the deal, with terms beginning in 2029 and 2030, covering energy production, environmental attributes, and "capacity," a reservation fee locking down a block of a power plant's output.
- This deal marks one of the first partnerships between a major U.S. retailer and a nuclear energy provider, underscoring growing corporate interest in baseload clean power to support long-term business growth.
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Constellation Energy Inks a Nuclear Power Deal with Walmart. Here's What Investors Need to Know.
Key PointsThis will power a perishables distribution center operated by the retailer in Illinois.The deal is historic, as it is Walmart's first nuclear power purchase agreement.10 stocks we like better than Walmart › Monster retailer Walmart (Nasdaq:WMT) and powerful power utility Constellation Energy (Nasdaq:CEG) rarely end up in the headlines together. That sure wasn’t the case on Tuesday, as the two companies announced a power supply agreemen…
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Walmart, Constellation Energy sign 15-year nuclear power deal
Walmart and Constellation Energy signed a 15-year nuclear power deal, the companies announced Tuesday.
Constellation to Deliver Power in Walmart’s First Nuclear Deal
Constellation Energy Corp., the biggest US supplier of nuclear energy, agreed to provide electricity from an Illinois site to Walmart Inc. through a long-term deal that will fund upgrades at the power plant.
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