Data-center offtakes, feasibility studies and competing power options intensify

Constellation reported $1.8 billion in Q3 net income, raised 2026 guidance, and has about 8,500 MW of reported agreements; Amazon-backed plans support a 190-MW Calvert Cliffs expansion and Google-backed plans support 890 MW of uprates. EIA forecasts record U.S. demand in 2026–27, but nuclear’s projected share remains 18%; Morgan Stanley sees about 5 GW of data-center projects shifting to 2029 and a 44-GW power shortfall through 2028, underscoring uncertain delivery timelines.