SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

Alphabet slides after Google signs 396-megawatt geothermal power deal

Alphabet fell to $333.535 Tuesday. Despite the drop, Google agreed for Fervo Energy to supply 396 megawatts of round-the-clock geothermal electricity from its Cape Station.

GOOGLGOOG

Alphabet NASDAQ:GOOGL, Google's search, cloud and artificial-intelligence parent, dropped to $333.535 Tuesday.

But the selloff did not stop Google from locking down more power for its AI machine.

Fervo Energy will supply 396 megawatts of round-the-clock geothermal electricity from its Cape Station…