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Yesterday — 10 January 2025Main stream

Constellation Energy to Buy Power Producer Calpine

10 January 2025 at 21:47
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.

© Tamir Kalifa for The New York Times

Calpine’s natural gas power plants, like this one in Richmond, Texas, are increasingly valuable because of the rising demand for electricity from data centers.
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