Constellation Energy to buy Calpine for $16bn in one of biggest US power moves

1. Constellation Energy to acquire Calpine for $16.4bn, creating largest independent power provider. 2. The deal boosts electricity generation amid rising demand from AI and electric transport. 3. Constellation CEO anticipates unprecedented growth in product demand for energy solutions. 4. Shares of Constellation rose 23% following the merger announcement and have doubled in a year. 5. The acquisition expands workforce by 20% and significantly increases market share in Texas and California.