Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday.

Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, has been awarded more than $1 billion in federal contracts to supply power to government agencies and lead conservation measures.

Key Takeaways Constellation Energy shares jumped Thursday after the company and the U.S. General Services Administration announced a pair of contracts worth over $1 billion.Constellation will supply over a dozen government agencies with nuclear energy over the next decade as part of a 10-year,

Constellation awarded more than $1 billion in combined contracts by the U.S. General Services Administration to supply power and efficiency solutions.

Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government, the company said on Thursday. Constellation, the country's largest operator of nuclear power plants,

Constellation Energy contracts, set to begin on April 25, estimated to provide electricity equivalent to power more than 1 million homes annually.

A major federal contract to purchase nuclear energy comes on the heels of similar deals made by Big Tech companies. The Biden administration wants to preempt price hikes as government agencies compete with energy-hungry data centers.

Nuclear stocks soared Thursday after Constellation Energy announced a 10-year contract with the federal government.