Constellation to Pursue New York Nuclear Project, CEO Says
(Bloomberg) -- Constellation Energy Corp. is planning to pursue a nuclear project in upstate New York, responding to a push from the governor.
The biggest US nuclear operator already has three plants in New York, and Chief Executive Officer Joe Dominguez said these would be logical sites for a new reactor.
The US is seeing growing enthusiasm for nuclear energy to meet surging power demand driven by artificial intelligence, data centers, factories and increasingly electrified homes. But few companies are willing to take on a major project without government support given cost overruns and delays often drag development.
New York Governor Kathy Hochul last month called for at least 1 gigawatt of new fission power and directed state agencies to develop nuclear. Such a pursuit would potentially result in the first major US reactor in more than a decade, though Hochul didn’t offer details on what kind of plant would be involved or where it would be built.
“It makes the most sense to create nuclear where there is existing nuclear,” Dominguez said in an interview Tuesday on the sidelines of the Pennsylvania Energy & Innovation Summit.
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