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.
141 Articles
141 Articles
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