AI Boom Needs Nuclear, Constellation Energy CEO Says [Financial Post (Toronto, Ontario, Canada)]
Constellation Energy Corporation (CEG)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The AI-driven boost in power consumption is going to be big for nuclear energy, according to Joe Dominguez, chief executive officer of Constellation Energy Corp. The largest US operator of nuclear plants is the third-best performer on the S&P 500 Index this year. The 60% gain has come as the power industry is recognizing that computing will drive the biggest spike in power consumption in a generation. Article content Article content Dominguez's phone is ringing off the hook as tech companies, data center operators and other firms look for reliable sources of energy, he said during an interview with Bloomberg TV. “Everybody is looking for power,” Dominguez said. “People are looking at nuclear because AI demands a lot of power.” More work is needed for nuclear to meet those demands. A key issue with nuclear is that building it is slow, and Dom
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CEG
Earnings
- 2/27/24 - Miss
CEG
Sec Filings
- 5/3/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- CEG's page on the SEC website