Constellation Energy Corporation

No US company operates more nuclear reactors than Constellation Energy. Spun off from Exelon in 2022 and based in Baltimore, it runs the country's largest fleet of nuclear plants alongside some wind, solar and natural-gas generation, selling the electricity into wholesale power markets. That makes it a pure play on power generation rather than a regulated utility, so its earnings rise and fall with electricity prices. Its recent prominence comes from artificial intelligence: soaring power demand from data centers has turned reliable, carbon-free nuclear output into a prized commodity, and Constellation signed high-profile deals to supply tech companies, including an agreement to restart a reactor at Three Mile Island for Microsoft. The company also agreed to buy Calpine to add gas generation. The story is clean baseload power meeting a demand boom, tempered by commodity-price swings.

On MyRWA, CEG trades tokenized across 5 on-chain venues - see the listings below.