Constellation Energy (CEG) to Invest Billions in Pennsylvania

Constellation Energy Corporation (NASDAQ:CEG) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 15, Constellation Energy Corporation (NASDAQ:CEG) announced that it will be spending billions of dollars on nuclear energy projects to drive economic growth in Pennsylvania.

This announcement was made at the state’s inaugural Energy and Innovation Summit. The energy summit showcased that Pennsylvania could become a center for AI innovation.

Thanks to the leadership of state and federal officials and the actions of the Federal Energy Regulatory Commission earlier this year, Constellation Energy Corporation (NASDAQ:CEG) will be able to restart the Crane Clean Energy Center about a year ahead of schedule. The plant is expected to return to service in 2027. It will add 835 megawatts to the grid and continue generating electricity into the 2050s.

Constellation Energy Corporation (NASDAQ:CEG) has also asked the Nuclear Regulatory Commission (NRC) for permission to operate the Peach Bottom Clean Energy Center until at least 2054. This project could provide electricity worth tens of billions of dollars.

Additionally, the company plans to operate the Limerick Clean Energy Center into the 2040s. Constellation Energy Corporation (NASDAQ:CEG) is looking to increase its capacity by another 340 megawatts and is working to secure customer commitments.

The company expects these investments will help fuel innovation in AI and other industries.

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy.

While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.