Businesswire·2025-11-18 21:58Core Points - The U.S. Department of Energy (DOE) has backed Constellation's Crane Clean Energy Center with a $1 billion loan, marking a significant step in enhancing nuclear energy reliability and supporting the digital economy [1][2] - The project is expected to create approximately 3,400 jobs and generate over $16 billion for Pennsylvania's GDP, while delivering more than $3 billion in state and federal tax revenue [2][3] Company Overview - Constellation Energy Corporation is the largest producer of reliable, emissions-free energy in the U.S., with nearly 90% of its annual output being carbon-free [6] - The company operates the nation's largest nuclear fleet, which has the capacity to power approximately 16 million homes, contributing about 10% of the nation's clean energy [6] Project Details - The Crane Clean Energy Center will add 835 megawatts (MW) of new baseload power to the grid, supporting grid stability and meeting increasing energy demands [1][2] - The center is currently over 80% staffed with more than 500 employees, and inspections and regulatory reviews are on schedule [3] Economic Impact - The restart of the Crane reactor is projected to help keep electricity prices stable and support the growing demand from electrification and data centers [2] - Constellation has committed over $1 million in charitable giving over five years to support workforce development and local organizations [3] Strategic Investment - The launch of the Crane Clean Energy Center is part of a broader multi-billion dollar investment by Constellation to extend the lives of existing nuclear plants and increase their output [4]