Stories
Google and Constellation Nearing Billion-Dollar Nuclear Power Deal
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CNBC TV18•06-10-2026, 08:12
Google and Constellation Nearing Billion-Dollar Nuclear Power Deal
- •Alphabet Inc.'s Google is close to finalizing a multi-year nuclear energy agreement with Constellation Energy Corp. worth $1 billion or more.
- •The anticipated deal highlights how tech giants are racing to secure reliable, emissions-free power for the booming artificial intelligence data-center market.
- •Amazon.com Inc. recently struck a similar 690-megawatt deal with Constellation, while Microsoft Corp. previously agreed to buy power from the shuttered Three Mile Island plant.
- •Google already holds multiple atomic energy agreements, including backing projects with NextEra Energy Inc. and Southern Co.
- •Nuclear power is experiencing a global revival as companies and nations seek round-the-clock electricity to meet surging demand while cutting carbon emissions.
Key Questions Answered
Google is nearing an agreement to pay Constellation Energy $1 billion or more over the course of a multi-year deal to buy nuclear energy for its data centers.
The immense electricity demand driven by the artificial intelligence boom is fueling interest in nuclear energy because it provides around-the-clock, emissions-free power.
Google agreed to buy electricity from NextEra Energy to support restarting the shuttered Duane Arnold reactor in Iowa, secured capacity from Southern Co. via plant upgrades, and agreed to buy up to 50% capacity from Finland's Loviisa nuclear plant.
