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Baltimore, MD, USA · Public (NASDAQ: CEG) · constellationenergy.com
Operator of the largest US reactor fleet
Open roles
—
no public job board
Federal awards
$3.1B
11 grants, contracts, loans
Last private raise
—
no Form D on file
Revenue
$26B
fiscal year ending 2025-12-31
Coming up
PROJECT · CRANE CLEAN ENERGY CENTERRestart (Constellation target)
Londonderry Township, Dauphin County, PA
world-nuclear-news.org →+ THESISPOLICYRussian uranium import ban: waiver period
DOE can grant waivers for Russian enriched uranium until Jan 1, 2028; after that the ban is absolute. Affects Fission.
+ THESISPOLICYDOE Energy Dominance Financing: Constellation and Alliant
Up to $5B conditional loan to Constellation for nuclear uprates (~1.1 GW) and a closed $5.1B loan to Alliant for gas, storage and upgrades (~2.6 GW). The office (formerly the Loan Programs Office) has over $300B of authority. Affects Fission, Constellation Energy.
+ THESISPOLICYDOE adds helium to the Critical Material List
DOE added helium to its Critical Material List, citing semiconductors, natural-gas leak testing and quantum computing. Helium also cools fusion magnets and high-temperature gas reactors. Affects Fission.
+ THESISFUNDINGDOE offers Constellation conditional loan of up to $5 billion for uprates
The Department of Energy issued a conditional loan commitment of up to $5 billion to finance about 1.1 GW of uprates and modernization at eight Constellation nuclear plants in Illinois, Maryland and Pennsylvania. The commitment remains subject to due diligence and definitive financing documents.
investingnews.com →+ THESISCONTRACTConstellation and Google agree 20-year PPA for 890 MW nuclear uprates
Google and Constellation announced a 20-year power purchase agreement to add 890 MW of nuclear capacity to PJM through uprates at 11 existing units, with about $4.3 billion of planned investment.
constellationenergy.com →+ THESISCONTRACTConstellation signs 20-year PPA with Amazon for Calvert Cliffs uprate
Constellation announced a 20-year power purchase agreement with Amazon supporting a 190 MW expansion at the Calvert Cliffs plant in Maryland. One outlet cited a 690 MW figure for the deal, but 190 MW is the uprate capacity.
utilitydive.com →+ THESISFEDERAL AWARDDepartment of Energy loan$3.0B
The purpose of this document is to issue loan eir0043 to constellation energy for the crane energy center restart
usaspending.gov →+ THESISPOLICYDOE Energy Dominance Financing: 10 large reactors
Up to $17.5B in conditional loans for ten Westinghouse AP1000 reactors at five sites; partners must commit $1B equity per project. Utility selections expected in the second half of 2026. Affects Fission.
+ THESISFUNDING · CRANE CLEAN ENERGY CENTERDOE loan: DOE Loan Programs Office$1.0B
Closed · LPO loan for the restart
ans.org →+ THESISOFFTAKE · CRANE CLEAN ENERGY CENTERMicrosoft signs a 20-year PPA; restart announced
Londonderry Township, Dauphin County, PA
world-nuclear-news.org →+ THESISFEDERAL AWARDDepartment of Energy grant$880K
Simulation-informed dependency treatment to enhance operational flexibility, avoid production loss, and maintain safety of operating plants and advanced reactors
usaspending.gov →+ THESISHow it works
Today's fleet and most near-term SMRs. Uranium fuel heats ordinary water under high pressure; the steam spins a turbine and the water is cooled and pumped back.
OPEN IN 3D →Public $1.0BPrivate $0
Money behind this company's projects. Company-wide raises are listed but not counted in totals.
Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
| Fiscal year end | 2021-12 | 2022-12 | 2023-12 | 2024-12 | 2025-12 |
|---|---|---|---|---|---|
| Revenue | $20B | $24B | $25B | $24B | $26B |
| Net income | −$205M | −$160M | $1.6B | $3.7B | $2.3B |
| Cash | $504M | $422M | $368M | $3.0B | $3.6B |
Matched recipient: CONSTELLATION ENERGY GENERATION, LLC
STEP 4/6 · AT RISK HALEU is the bottleneckMost advanced designs need HALEU (5–20% enriched), with no commercial US supply at scale yet.
STEP 4/4 · WATCH Office relaunched as Energy Dominance FinancingLending shifts toward nuclear and utility expansions (AP1000 offers, Constellation uprates).
Critical inputs
Policy that applies
2026-10-27 · funding
DOE offers Constellation conditional loan of up to $5 billion for upratesThe Department of Energy issued a conditional loan commitment of up to $5 billion to finance about 1.1 GW of uprates and modernization at eight Constellation nuclear plants in Illinois, Maryland and Pennsylvania. The commitment remains subject to due diligence and definitive financing documents.2026-10-06 · contract
Constellation and Google agree 20-year PPA for 890 MW nuclear upratesGoogle and Constellation announced a 20-year power purchase agreement to add 890 MW of nuclear capacity to PJM through uprates at 11 existing units, with about $4.3 billion of planned investment.2026-09-30 · contract
Constellation signs 20-year PPA with Amazon for Calvert Cliffs uprateConstellation announced a 20-year power purchase agreement with Amazon supporting a 190 MW expansion at the Calvert Cliffs plant in Maryland. One outlet cited a 690 MW figure for the deal, but 190 MW is the uprate capacity.