Google, Constellation near deal for nuclear power, Bloomberg News reports
- Alphabet Inc. is nearing a multi-year deal to purchase nuclear energy from Constellation Energy Corp. for $1 billion or more, with reports stating the deal could be announced as soon as this week.
- Rising electricity demand from AI computing has renewed interest in nuclear power, offering Google steady, carbon-free energy to support its data-center expansion needs.
- Amazon recently struck a deal with Constellation to buy 690 megawatts of power from the Calvert Cliffs facility in Maryland, while Microsoft Corp. agreed to purchase electricity from Three Mile Island.
- Google already maintains atomic energy agreements, including last year's deal with NextEra Energy to restart an Iowa plant and funding upgrades at two Southern atomic facilities last month.
- Construction of new reactors can take over a decade to permit and build, making existing facilities the focus as next-generation fission technology remains years from widespread deployment.
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Google and Constellation Energy have closed a partnership to add 890 megawatts (MW) of nuclear capacity to the U.S. electricity grid, aiming to meet the growing demand for energy. Exclusive material for subscribers. To have full access, access the material link and register.
Google Signs 3.6GW Power Deal With Constellation, Boosting Nuclear Supply in PJM Grid
NEW YORK: Google has contracted for 3,590 megawatts of power from Constellation Energy in the US' largest power grid, with new nuclear energy accounting for about a quarter of that supply, the companies said on Tuesday.The deal will enable more than $4.3 billion of new investment by Constellation and involves adding capacity at several of the power company's nuclear reactors in the Midwest and Mid-Atlantic regions, the companies said.Major tech…
Google reportedly nears $1bn-plus nuclear power deal with Constellation
Alphabet’s Google is close to an agreement to buy nuclear power from Constellation Energy, Bloomberg reported on Monday. Under the multi-year deal, Google would pay Constellation $1bn or more, according to people familiar with the talks. Bloomberg said an announcement may come this week. Yet, Constellation declined to comment to Reuters. Constellation runs more US […] This story continues at The Next Web
Alphabet is looking for energy for data centers and is probably focusing more on nuclear power. A corresponding deal with the US operator Constellation could soon be announced.
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