PITTSBURGH (July 15, 2025) — Constellation announced commitments to spend billions of dollars on nuclear energy projects to fuel economic growth in Pennsylvania during the state’s inaugural Energy and Innovation Summit, which was hosted by Sen. Dave McCormick and Carnegie Mellon University. The event was attended by President Donald Trump, key members of his cabinet, Gov. Josh Shapiro, Sen. John Fetterman, Rep. John Joyce, other members of the Pennsylvania congressional delegation and a bipartisan list of state legislative leaders. Also attending were dozens of top leaders in energy, artificial intelligence experts, labor leaders and investors from around the globe, among other guests.
The leadership of state and federal officials and the action of the Federal Energy Regulatory Commission earlier this year will allow the company to accelerate the restart of the Crane Clean Energy Center, which is now expected to return to service in 2027 — about a year ahead of schedule. The plant will generate electricity into the 2050s and will add approximately 835 megawatts of reliable energy to the grid in Pennsylvania. The project also will create 3,400 jobs, deliver $3.6 billion in tax revenue and add $16 billion to the state’s GDP.
Constellation, which employs 2,500 people in the state, has asked the NRC to renew the operating license of the Peach Bottom Clean Energy Center to run until at least 2054, resulting in approximately 30 million person-hours of work over two decades and providing electricity valued in the tens of billions of dollars. Finally, Constellation is planning to operate the Limerick Clean Energy Center well into the 2040s and is working to secure customer commitments to increase its capacity by an additional 340 megawatts.
“These investments will help power innovation in AI and other industries that will define the future for Pennsylvania and all Americans,” said Joe Dominguez, president and CEO of Constellation. “We commend state and federal leaders for helping to make these investments possible and for recognizing the unique value of reliable and safe nuclear energy to power our economy and bolster our nation’s energy security. Constellation’s acquisition of Calpine will further accelerate our investments, establishing a coast-to-coast platform capable of supporting growing demand for around-the-clock, sustainable power.”
The energy summit showcased Pennsylvania’s potential to serve as a hub for AI innovation and create high-paying job opportunities across the state.
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About Constellation
Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the nation’s largest producer of reliable, emissions-free energy and a leading energy supplier to businesses, homes and public sector customers nationwide, including three-fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. We are committed to investing in innovative technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.
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Jun 23, 2025
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