Constellation announced the backing of its Crane Clean Energy Center by a $1 billion U.S. Department of Energy (DOE) loan.
The loan will add 835 megawatts of new baseload power to the grid, supporting the digital economy and creating thousands of jobs.
This marks a significant milestone in the DOE's efforts to restore reliable nuclear energy to the grid and leverage private investment.
DOE Loan Commitment
Constellation's strong balance sheet and credit worthiness led to the quick approval of the $1 billion DOE loan.
Economic Impact
The Crane Clean Energy Center will create over 3,400 jobs, generate billions for the GDP, and provide significant tax revenue.
Grid Stability
Crane will deliver reliable around-the-clock electric supply, supporting grid stability and meeting increasing energy demands.
- The DOE loan will enable Constellation to expedite the restart of the Crane Clean Energy Center without compromising quality or safety.
- This investment in nuclear power is crucial for meeting electrification demands and supporting the growth of digital economy infrastructure.
Constellation's partnership with the DOE marks a significant step in advancing clean energy initiatives, creating jobs, and contributing to grid stability. The Crane Clean Energy Center stands as a testament to Constellation's commitment to sustainable energy solutions.