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Constellation Energy forecasts doubling of power demand driven by data centers
Monday, February 2, 2026 at 05:10 PM
The CEO of Constellation Energy indicated that power demand is projected to double in the coming years, primarily driven by the expansion of data centers and the energy requirements of AI infrastructure.
Context
Constellation Energy CEO Joseph Dominguez recently forecasted that power demand from existing data centers is doubling as they adopt more energy-intensive AI chips. This shift has already driven a 45% increase in electricity consumption from the company's data center clients between 2023 and 2025. To meet this acceleration, Constellation Energy plans to invest over $2.5 billion in 2025, positioning its nuclear fleet as the essential energy backbone for the global AI infrastructure market.
The company is securing long-term revenue through landmark 20-year agreements with hyperscalers like Microsoft and Meta. A pivotal component of this strategy is the planned 2028 restart of the Three Mile Island nuclear unit, which will provide 835 megawatts of dedicated carbon-free power. With global data center energy demand projected to rise 165% by 2030, Constellation Energy is successfully branding zero-carbon nuclear power as the primary solution to the industry's most critical supply chain bottleneck.
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