Constellation Energy, Google ink 20-year nuclear power deal
Constellation Energy and Google have agreed to a 20-year deal where Constellation will boost output at 11 nuclear reactors. This agreement is part of a growing trend of partnerships between tech and energy companies to power data centers.
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11:46:46 AM UTC
SquawkNews
Alphabet NASDAQ:GOOG is moving closer to securing another large source of electricity for its operations, with a potential multiyear nuclear power agreement with Constellation Energy NASDAQ:CEG valued at $1 billion or more, according to a Monday report.The possible deal comes as Alphabet builds a b…
12:06:47 PM UTC
SquawkNews
Google's parent company, Alphabet Inc. (GOOGL, Financials), is allegedly getting close to a multiyear deal for at least $1 billion to purchase nuclear power from Constellation Energy as the internet behemoth seeks additional electricity to feed its growing AI infrastructure.According to a source ci…
Google and Constellation Energy have reached a 20-year agreement aimed at increasing output at 11 nuclear reactors, marking another partnership between the tech and energy sectors to support new data centers. The 890-megawatt power-purchase agreement, announced by the companies Tuesday, includes improvements at the facilities.