Walmart and Constellation Sign Landmark Long-Term Nuclear Power Agreement
On June 23, 2026, Walmart and Constellation Energy announced a long-term power purchase agreement for approximately 176 megawatts of emissions-free nuclear electricity from Constellation’s Dresden Clean Energy Center in Morris, Illinois. The deal, structured as two 15-year terms starting in 2029 and 2030, will power Walmart’s new high-tech perishable distribution center in Belvidere, Illinois. It marks Walmart’s first nuclear energy agreement and highlights growing corporate demand for reliable, clean baseload power.
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Constellation Energy Stock Declines 8% as Analysts See 40% Upside After Walmart Nuclear Deal
Constellation Energy Corporation (CEG) has declined approximately 8% over the past month, trading near its 52-week lows. Wall Street analysts maintain a bullish outlook, with a 12-month average price target suggesting roughly 40% upside. The decline is attributed to conservative 2026 guidance, as management reaffirmed full-year adjusted operating EPS of $11.00 to $12.00. However, sentiment is shifting following a landmark long-term agreement with Walmart, announced on June 23. Under the deal, Walmart will purchase approximately 176 megawatts of nuclear power from Constellation's Dresden Clean Energy Center in Illinois, including 30 megawatts from planned upgrades, under two 15-year contracts starting in 2029 and 2030. The agreement highlights growing corporate demand for reliable, around-the-clock clean energy and supports efficiency upgrades at the Dresden plant, which is licensed to operate through 2049 and 2051.
Yahoo FinanceConstellation Energy and Walmart Announce Long-Term Nuclear Power Purchase Agreement
On June 23, 2026, Constellation Energy (NASDAQ: CEG) and Walmart announced a long-term nuclear power purchase agreement for emissions-free electricity from Constellation's Dresden Clean Energy Center in Illinois. The agreement includes approximately 176 MW of wholesale supply, of which 30 MW comes from expanded generating capacity. Walmart will purchase energy, environmental attributes, and capacity through two consecutive 15-year terms starting in 2029 and 2030. The deal aims to bolster local energy infrastructure and provide cleaner power, including for Walmart's new high-tech perishable distribution center in Belvidere, Illinois. Jim McHugh, Constellation's Senior EVP and CCO, highlighted that the agreement reflects long-term stewardship of critical infrastructure and the energy system powering American growth. The article positions CEG as one of the best non-tech stocks to buy according to analysts.
Yahoo FinanceConstellation Energy and Walmart Announce Long-Term Nuclear Power Purchase Agreement
Constellation Energy Corporation (CEG) and Walmart announced a long-term nuclear power purchase agreement on June 23, 2026. The deal involves approximately 176 MW of wholesale emissions-free electricity from Constellation's Dresden Clean Energy Center in Illinois, including 30 MW of expanded generating capacity. Walmart will purchase energy, environmental attributes, and capacity through two 15-year terms starting in 2029 and 2030. The agreement supports reliable nuclear energy in the region and will help power Walmart's new high-tech perishable distribution center in Belvidere, Illinois. Jim McHugh, Senior Executive Vice President and Chief Commercial Officer of Constellation, emphasized the agreement reflects long-term stewardship of critical infrastructure and the energy system powering American growth. The article also notes Constellation's position as a clean energy provider and includes a reference to insider investment analysis.
Yahoo FinanceConstellation Energy and Walmart Sign Historic Nuclear Power Purchase Agreement
On June 23, 2026, Walmart and Constellation Energy announced a landmark power purchase agreement (PPA) for nuclear energy, marking Walmart's first-ever nuclear PPA. Under the deal, Constellation will supply approximately 176 megawatts of electricity from its Dresden Clean Energy Center in Illinois to power Walmart's new perishable distribution center in Belvidere. The agreement is structured in two staggered 15-year terms, beginning in 2029 and 2030. Financial terms were not disclosed, but the deal is seen as a win for both companies: Walmart secures long-term, reliable, and clean energy at a cost-effective price to support its operations and growth, while Constellation gains a high-profile client for its nuclear power segment. The partnership highlights the growing corporate demand for clean, dependable baseload power.
Yahoo FinanceWalmart Secures Nuclear Power Supply Deal With Constellation for Illinois Operations
Walmart (NYSE:WMT) and Constellation Energy (NASDAQ:CEG) have entered into a long-term power purchase agreement for emissions-free electricity from Constellation's Dresden Clean Energy Center in Morris, Illinois. This is Walmart's first nuclear energy agreement and one of the first long-term nuclear PPAs between a major U.S. retailer and a nuclear facility. The deal covers approximately 176 megawatts of wholesale electricity, including 30 megawatts from efficiency improvements at the plant. The power will be supplied through two 15-year contract periods beginning in 2029 and 2030. The additional capacity will support Walmart's new technology-focused perishable goods distribution center in Belvidere, Illinois. The Dresden facility is licensed to operate until 2049-2051 following a 2025 license extension. Walmart operates about 175 stores in Illinois employing over 55,000 people. Executives from both companies emphasized the agreement's alignment with long-term energy reliability and sustainability goals.
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