Stocks Positioned to Profit from AI Energy Crisis

Constellation Energy and NextEra Energy are two companies helping to solve the growing energy demands of artificial intelligence.

Published on Mar. 4, 2026

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The rapid growth of artificial intelligence is leading to a major energy crisis, with data centers set to consume up to 12% of all U.S. energy by 2028. To address this, the U.S. government and tech giants like Microsoft, Alphabet, and Meta are investing heavily in nuclear power. Constellation Energy and NextEra Energy are two key players partnering with these companies to bring decommissioned nuclear plants back online and provide clean energy to power AI infrastructure.

Why it matters

As AI continues to expand, the energy demands of data centers are becoming unsustainable. The investments in nuclear power by the government and tech industry are critical to meeting this growing energy need and preventing an AI-driven power crisis. Constellation Energy and NextEra Energy are well-positioned to profit from these efforts to scale up nuclear energy production.

The details

Constellation Energy, Microsoft's nuclear partner, is bringing the Three Mile Island reactor back online as the new Crane Clean Energy Center. It has also signed a 20-year power purchase agreement with Meta to provide energy for its data centers. NextEra Energy, partnered with Alphabet, is reviving the Duane Arnold Energy Center in Iowa to supply power to Google's cloud infrastructure. Both companies are seeing strong financial performance, with Constellation reporting 13% adjusted EPS growth in 2025 and NextEra projecting an 8% EPS CAGR over the next decade.

  • In 2024, Constellation Energy signed a 20-year power purchase agreement with Microsoft.
  • In 2025, Constellation Energy reported adjusted operating earnings of $9.39 per share, up from $8.67 per share in 2024.
  • In 2026, NextEra Energy recorded 13% adjusted EPS growth over 2025.

The players

Constellation Energy

The country's largest producer of clean energy, generating 10% of America's emission-free power through its nuclear, hydroelectric, wind, and solar plants. It is the largest nuclear energy producer in the U.S.

NextEra Energy

A major player in America's nuclear landscape, partnering with Alphabet to bring Iowa's Duane Arnold Energy Center back online.

Microsoft

Partnered with Constellation Energy to bring the Three Mile Island reactor back online as the new Crane Clean Energy Center.

Alphabet

Partnered with NextEra Energy to revive the Duane Arnold Energy Center in Iowa to supply power to Google's cloud infrastructure.

Meta Platforms

Signed a 20-year power purchase agreement with Constellation Energy to power its data centers from the Clinton Clean Energy Center in Illinois.

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What’s next

The U.S. Department of Energy has set a goal to triple America's nuclear energy production by the middle of the century, which could lead to further investments and partnerships between nuclear companies and tech giants.

The takeaway

Constellation Energy and NextEra Energy are well-positioned to benefit from the growing demand for clean, nuclear energy to power the expansion of artificial intelligence. As key partners with major tech companies, these nuclear energy providers are playing a critical role in addressing the AI energy crisis and providing a stable, dividend-paying investment opportunity.