Amazon’s $3 Billion Nuclear Deal and $1 Billion Tech Investment

Amazon.com, Inc. (AMZN) has made significant moves in energy and technology, along with a public defense of its pay and tax policies. The company signed a 20-year power purchase agreement with Constellation to secure approximately 190 MW of zero-carbon nuclear power from the Calvert Cliffs facility. This deal, spanning from 2030 to 2032, represents an investment of over $3 billion and a total capacity of 690 MW.

In another major development, Amazon inked a multi-year deal worth more than $1 billion with Synopsys. The agreement aims to supply tools and services essential for Amazon’s custom chip design efforts, supporting the company’s in-house silicon development.

Founder Jeff Bezos took to the public stage to defend the company’s pay and tax policies. He highlighted Amazon’s $23 per hour entry wage and first-day health benefits for employees. Bezos also emphasized that he pays billions in taxes while contesting the notion of higher individual tax burdens.