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. Constellation, the country's largest operator of nuclear power plants,

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.

Shares of Constellation Energy Corp. CEG rallied 4.04% to $252.40 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.26% to 5,942.

This mirrors Constellation's recent 20-year agreement with Microsoft (NASDAQ: MSFT), highlighting the rising demand for nuclear energy from government and corporate entities seeking carbon-free electricity.