Agreement between Constellation Energy and Calpine Corp: strengthening energy supply for American AI infrastructure amid joint projects with the U.S., Japan, and UAE

On January 10, 2025, it became known that the American nuclear energy supplier Constellation Energy plans to acquire Calpine Corp, which generates geothermal electricity.

The transaction will be one of the largest M&A deals in the US electricity sector’s history, as the purchase price will exceed $16 billion.

In addition to being one of the largest deals in the industry’s history, the deal is a strategic decision by American businesses to create energy security and autonomy for data centers in the United States, which play a key role in the development of artificial intelligence.