Mentioned:
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Walmart is doing something new: buying nuclear power.

What’s happening:

  • Walmart (NASDAQ: WMT) has struck a new nuclear power purchase agreement with Constellation Energy (NASDAQ: CEG) to buy long-term, emissions-free electricity from Constellation Energy’s Dresden Clean Energy Center in Illinois

Why it matters:‍

  • This is the first time that Walmart has ever entered into a long term nuclear power purchase agreement

Going deeper:‍

  • Constellation Energy has publicly stated the new nuclear power purchase agreement with Walmart will provide them with roughly 176 megawatts of wholesale power capacity
  • The new deal between Walmart and Constellation Energy will span over two 15 year terms

The fine print:‍

  • The financial terms of Walmart’s nuclear power purchase agreement with Constellation Energy have not yet been publicly disclosed

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