Google, Constellation near deal for nuclear power, Bloomberg News reports
The agreement will add 890 megawatts of nuclear capacity and 7,200 construction jobs, Constellation said.
- On Tuesday, Constellation Energy and Google announced a $4.3 billion investment to upgrade 11 nuclear plants in Illinois, Pennsylvania, and New Jersey, securing power for the tech giant over a 20-year period.
- Technology firms are increasingly embracing nuclear energy as a reliable power source to support rapid expansion of artificial intelligence data centers, driving this clean energy collaboration.
- Adding 890 megawatts of nuclear capacity, the initiative strengthens the PJM Interconnection grid serving 67 million people while creating approximately 7,200 new construction jobs and sustaining existing employment.
- Constellation Energy stock surged 12% on Tuesday as the agreement boosted investor sentiment for nuclear-heavy generators Vistra and Talen Energy, which also saw shares rise on sector optimism.
- The companies also established an "AI for energy" blueprint, which Constellation President and CEO Joe Dominguez described as a model for industry collaboration with technology partners like Microsoft and Meta.
75 Articles
75 Articles
Google has signed a 3,590-megawatt (MW) power purchase agreement with Constellation Energy, the largest nuclear power company in the United States. The company is seeking to secure nuclear-based power to meet the massive electricity demands of its artificial intelligence (AI) data centers. Google announced on the 6th (local time) that it had signed a Power Purchase Agreement (PPA) to receive 890 MW of electricity produced from multiple nuclear p…
Google's Reactor Deal With Constellation Sends NANO Nuclear Energy (NASDAQ: NNE), Oklo (NYSE: OKLO), And NuScale Power (NYSE: SMR) Surging
Google’s agreement with Constellation Energy (NASDAQ: CEG) to fund efficiency upgrades at operating nuclear reactors has ignited a broad rally across small modular reactor developers. NANO Nuclear Energy (NASDAQ: NNE) has climbed 8%, with shares recently trading at $16.79, making it one of the session’s standout performers in the nuclear space. Oklo (NYSE: OKLO) is […]
Google’s power-hungry data centers crave nuclear energy
Google announced a new agreement to update six nuclear power plant sites across the US as the tech giant seeks to generate more electricity for its power-hungry data centers. Google signed the 20-year deal with Constellation, the leading nuclear power plant operator in the US. The power purchase agreement is meant to guarantee the revenue […]
Google invests $4.3 billion in nuclear reactors
Google invests $4.3 billion in nuclear reactorsGoogle and the American energy company Constellation Energy have signed a 20-year agreement in the field of nuclear energy to provide electricity to new data centers. The volume of investments will exceed...
Coverage Details
Bias Distribution
- 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
