Reported about 14 hours ago
Constellation Energy has announced its acquisition of Calpine for $16.4 billion, creating a major entity in the electricity market amidst growing demand from tech companies. This deal, which includes $10.2 billion in assumed debt, enhances Constellation's footprint in the electricity-heavy states of Texas and California and supports its strategy to provide reliable and sustainable power. The merger reflects the increasing value of power generators, particularly due to the rising energy needs of data centers fueled by artificial intelligence.
Source: YAHOO