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Google and Constellation Close to $1B Nuclear Deal
Alphabet, Google's parent company, is nearing a deal valued at $1 billion or more with Constellation Energy to purchase nuclear energy over several years to support the growth of data centers that require vast amounts of reliable, renewable electricity. This move comes amid increasing demand for electricity driven by the AI boom, which is estimated to generate potential revenues of $6 trillion, fueling renewed interest in nuclear power as a low-emission, 24/7 sustainable energy source. Other tech giants like Amazon and Microsoft have also entered into agreements with nuclear energy producers, as the global push to adopt nuclear power intensifies to meet rising electricity consumption and reduce emissions. The deal is expected to involve significant nuclear energy capacity, although licensing and constructing new reactors will take years, with the reactivation of existing reactors to boost power supplies for data centers.
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