Constellation's Dresden Clean Energy Center located in Morris, Illinois.
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I was scrolling through hundreds of environment and energy press releases late last night, and I saw one about Walmart supporting nuclear power. Even after reading the title twice, I wasn’t sure if I understood correctly and had to open up the press release. But, yes, Walmart is backing a nuclear power plant in the United States.
“Constellation (Nasdaq: CEG) and Walmart (Nasdaq: WMT) today announced a long-term nuclear power purchase agreement (PPA) for emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois. The agreement includes approximately 176 MW of wholesale supply, including 30 MW of expanded generating capacity,” the companies wrote in June.
“Walmart will purchase energy, environmental attributes and capacity through two 15‑year terms beginning in 2029 and 2030. This agreement supports reliable nuclear energy in the region and enables planned uprates — efficiency upgrades that increase output from existing nuclear units without the need to build a new facility. The agreement is expected to help Walmart access cleaner energy and strengthen local energy infrastructure — while continuing to serve customers with everyday low prices.”
