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Energy Department offers Constellation $5bn for 1.1GW of nuclear uprates at eight plants

The US Department of Energy has made a conditional loan commitment of up to $5 billion to Constellation Energy to raise output at eight nuclear plants by 1.1 gigawatts, enough to power more than 930,000 homes.

EconomyAnalysisDr. Amara PatelPublished: 5 November 20264 min readSources 19
Energy Department offers Constellation $5bn for 1.1GW of nuclear uprates at eight plants

The conditional loan commitment of up to $5 billion would support uprates at 15 reactors across eight plants in Illinois, Maryland and Pennsylvania. Six of the plants are in Illinois: Braidwood, Byron, Clinton, Dresden, LaSalle and Quad Cities. The others are Calvert Cliffs in Maryland and Limerick in Pennsylvania, according to the Energy Department.

The department estimates the added output could power more than 930,000 homes and support more than 10,000 project-related jobs across the fleet. The additional electricity would increase supplies across the PJM Interconnection and Midcontinent Independent System Operator regions, the department said.

What an uprate does

Uprates are not new reactors. They add equipment and modify systems at operating plants so the same site produces more megawatts, the department said. At Limerick, a 2,317-megawatt station in Montgomery County, Pennsylvania, Constellation plans a 348-megawatt increase, spokesperson Paul Adams told Canary Media. The department's announcement did not break out how much financing or added capacity would go to each plant.

Why uprates cost less than new reactors

The US has built only two AP1000 reactors, both in Georgia, at a combined cost of more than $30 billion, Canary Media reported. The 1.1 gigawatts in this plan is roughly one AP1000's output. Canary Media reported the uprates would cost significantly less, though it gave no cost estimate for the program.

Constellation has pursued uprates before. In 2023 it said it would invest $800 million in new equipment to raise combined output at Braidwood and Byron. The first phase of the Byron work has been completed, the American Nuclear Society reported on May 13.

Conditions and private deals

The money is not committed. Constellation must satisfy technical, legal, environmental and financial requirements before the department executes definitive loan documents and disburses funds. The Office of Energy Dominance Financing administers the loan, the department said.

Constellation said the announcement "does not, by itself, represent a final Constellation decision to proceed with any individual uprate or at every facility under consideration."

Private deals are already signed. The loan is the third multibillion-dollar uprate announcement tied to Constellation in a month. On Sept. 30, Constellation finalized a power purchase agreement with Amazon supporting a 190-megawatt uprate at Calvert Cliffs, a 1,790-megawatt plant in Maryland. On Oct. 6, it said it would spend $4.3 billion with Google to add 890 megawatts at 11 of its reactors. Clinton was already in line for a 30-megawatt uprate under a 2025 deal with Meta.

At least six of the eight DOE-backed plants could draw on more than one funding source, Canary Media reported. It is unclear whether the loan will support the same projects the three hyperscalers are paying for or separate ones that would raise output further. Constellation did not respond to a request for clarification.

The program behind the loan

The Energy Department started UPRISE, the Utility Power Reactor Incremental Scaling Effort, in March 2026 to speed output gains at reactors already running. Projects covering 95% of the administration's 5-gigawatt target have been identified, according to the department. The 1.1 gigawatts would be about a fifth of that goal, which the administration wants to meet by 2029.

The loan includes an option to finance future uprates at additional Constellation plants, the department said.

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Sources

19
  1. 01Limerick Nuclear Plant Included in $5 Billion Federal Loan PlanEN
  2. 02The DOE announces $5B loan to Constellation for nuclear upratesEN
  3. 03FERC decision on Crane restart coming in June or July, Constellation execs sayEN
  4. 04AI Data Centers Are Fueling a Nuclear ComebackEN
  5. 05ComEd customers will see lower bills thanks to Illinois program for nuclear power, federal subsidiesEN
  6. 06Kazakhstan Eyes Ambitious 2035 Goal for 2 Nuclear Power PlantsEN
  7. 07Virtual power plants can help avoid overbuilt grid if AI boom goes bustEN
  8. 08Binance attackers used fake job interviews to pull off $6.3 billion crypto heistEN
  9. 09A Michigan utility’s iffy plan to trap CO2 from its new gas plantsEN
  10. 10China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics divisionEN
  11. 11Pure DC secures $1.9 billion financing for data center build-outEN
  12. 12Binance co-CEO Richard Teng says hackers used fake job interviews, AI tool to steal $6.3 billion in crypto EN
  13. 13Meta seeks to raise up to $25 billion in debt sale as AI spending jumpsEN
  14. 14$150 Billion More Paid by Americans for Gas This Year Than LastEN
  15. 15The Future of Buildings in Illinois Is ElectricEN
  16. 16Binance says fake job interview led to $6.3 billion crypto heistEN
  17. 17Binance Reveals How Fake Job Interviews and AI Tool Abuse Led to $6.43 Billion TheftEN
  18. 18FBI Links North Korea's TraderTraitor to Record $6.43 Billion Binance Crypto HeistEN
  19. 19ByteDance’s Zhang Yiming tops China rich list with US$99.7 billion as AI fuels fortunesEN

All figures and quotations in this text come from the sources listed below.

Content prepared by the editorial team with AI assistance.

Dr. Amara Patel

Dr. Amara Patel

Economy, business and world

Dr. Amara Patel covers business, world affairs and the economy for FLASH24, working from filings, central bank statements and trade data rather than press releases, and she does not let company spin stand in for numbers. She checks revenue recognition, debt covenants and currency effects line by line against audited reports and regulatory disclosures. Her week includes calls with analysts, logistics operators and trade lawyers, and she watches the calendar for rate decisions, earnings dates and port and freight updates, comparing each against prior quarters. Outside the desk she tracks tech-company accounts and rides cargo bikes, which keeps her close to both the balance sheets she reads and the supply chains she covers. She does not publish a figure she cannot trace to a primary document.

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