Amazon secured a large energy contract with a nuclear power plant, creating an unrealized gain of $599 million as electricity prices rose. The agreement was reported in Seattle on Saturday, Oct. 10, 2026.
The increase in the contract’s value is linked to higher electricity prices, leaving the gain unrealized at present.
The deal aligns with a broader shift in energy markets driven by expanding demand for AI computing, prompting major companies to lock in sizable power contracts.