November 19, 2025 — Leads & Copy —** Constellation Energy Corporation (NASDAQ: CEG) has secured a $1 billion loan from the U.S. Department of Energy (DOE) to support its Crane Clean Energy Center. The DOE Loan Programs Office finalized a conditional loan commitment and financial close simultaneously. This was made possible by Constellation’s strong financial standing.
The loan, funded by the Energy Dominance Financing Program, will reduce Constellation’s financing expenses and encourage private investment to restore reliable nuclear energy to the grid, as well as support America’s progress in artificial intelligence (AI).
According to Constellation President and CEO Joe Dominguez, the DOE’s action represents a significant step towards integrating hundreds of megawatts of reliable nuclear power into the grid at a critical time. Dominguez also noted that America first energy policies are creating jobs, growth, and opportunities while enhancing grid reliability.
Senator Dave McCormick stated that Pennsylvania is at the forefront of America’s energy independence and the AI revolution. The DOE loan will facilitate the restart of the Crane Clean Energy Center, creating 3,400 new jobs and supplying over 800 megawatts of carbon-free electricity. He further acknowledged Constellation’s ongoing commitment to the Commonwealth, in addition to the investments announced at the Pennsylvania Energy and Innovation Summit in July.
The Crane Clean Energy Center is more than 80% staffed, with over 500 employees. Inspections of key plant components and regulatory reviews are proceeding as scheduled. Constellation has pledged over $1 million in charitable contributions over five years to support workforce development and local organizations in the region, including $200,000 in 2025 to over a dozen local charities, nonprofit organizations and workforce development programs.
Restarting the reactor comes at a time of unprecedented electric demand growth from electrification and the new data centers needed to support a growing digital economy and to help America win the AI race. Crane will provide reliable, around-the-clock electric supply.
An economic impact study by the Pennsylvania Building & Construction Trades Council found that restarting the reactor at Crane will keep electricity prices in check, add 3,400 direct and indirect jobs, generate over $16 billion for Pennsylvania’s GDP, and deliver more than $3 billion in state and federal tax revenue.
Constellation is investing billions of dollars in America’s nuclear fleet to extend the lives of existing nuclear plants and increase their output, ensuring reliable power for families and businesses for decades.
Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company based in Baltimore, is the largest producer of emissions-free energy in the U.S. and supplies energy to businesses, homes, and public sector clients, including three-fourths of Fortune 100 companies. With nearly 90% carbon-free annual output, its facilities power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy.
Joe Dominguez, president and CEO of Constellation
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Source: Constellation
