Names including Bank of America, Morgan Stanley and Goldman Sachs boost COP28 goal of tripling capacity by 2050

Fourteen of the world's biggest banks and financial institutions will pledge increased support for nuclear energy in a bid to unlock financing for the industry, according to a Financial Times report.

It would have the capacity to generate 835 megawatts (MW) of carbon-free electricity and could operate through at least 2054. The 20-year agreement for capacity at the revamped Crane Clean Energy Center is the largest-ever PPA signed by Constellation Energy. It will supply the power company with steady income for the next two decades.