Google, Constellation Near Deal for Nuclear Power, Bloomberg News Reports
The deal would secure steady, carbon-free power for Google as AI computing pushes tech companies to seek long-term nuclear supply, Bloomberg reported.
- 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 for Google, which offers steady, carbon-free energy to support the data-center boom.
- Amazon recently struck a deal with Constellation to buy 690 megawatts of power from the Calvert Cliffs facility in Maryland; Microsoft Corp. previously 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 nears billion-dollar deal for nuclear power from Constellation - Bloomberg (CEG:NASDAQ)
Google is near a multi-year agreement to pay Constellation Energy $1B or more for nuclear energy in a deal that could be announced as soon as this week, Bloomberg reported.
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Google, Constellation near deal for nuclear power, Bloomberg News reports
Oct 5 : Google's parent Alphabet is nearing a multi-year deal to buy nuclear energy from Constellation Energy for $1 billion or more, Bloomberg News reported on Monday, citing people familiar with the matter.• The deal could be announced as soon as this week, the report said.• Google could not imm
[Cable News] Google is reportedly planning to purchase nuclear power. To cope with the staggering electricity consumption of developing artificial intelligence, Bloomberg, citing sources, reports that Google's parent company...
Google already has several agreements with nuclear power producers and last year agreed to buy electricity from NextEra Energy Inc.
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