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Google and Constellation Energy Strike Major Nuclear Power Deal
M
Moneycontrol•06-10-2026, 19:06
Google and Constellation Energy Strike Major Nuclear Power Deal
- •Alphabet Inc. signed a 20-year agreement with Constellation Energy Corp. to purchase 890 megawatts of new nuclear power.
- •Constellation will invest over $4.3 billion in the infrastructure buildout to supply the PJM Interconnection grid.
- •The surging electricity demands of the artificial intelligence boom are driving tech companies to secure emissions-free nuclear energy.
- •Constellation shares rose 6.3% following the announcement, while Alphabet shares saw a slight increase of 0.4%.
- •Other tech giants including Amazon and Microsoft have also recently struck major deals to power data centers with nuclear energy.
Key Questions Answered
Google parent Alphabet Inc. agreed to a 20-year deal to buy 890 megawatts of new nuclear power from Constellation Energy Corp. to support the data-center boom, with Constellation spending more than $4.3 billion on the build-out.
Constellation Energy will spend more than $4.3 billion on the build-out to supply 890 megawatts of new nuclear power coming online for Google.
Google agreed last year to buy electricity from NextEra Energy Inc. to support restarting its Duane Arnold reactor in Iowa, and last month lined up new capacity from Southern Co. by funding upgrades at two atomic plants. Additionally, Google agreed to buy up to 50% of the capacity from Finland's Loviisa nuclear power plant operated by Fortum Oyj.
