Google, Constellation Near $1 Billion-Plus Nuclear Power Deal
Alphabet is nearing a multi-year agreement to buy nuclear energy from Constellation Energy for $1 billion or more, Bloomberg reported Monday. The deal could be announced as soon as this week, according to people familiar with the discussions. The exact amount of nuclear capacity and its location remain unclear.
The agreement would help Google secure reliable electricity for data centers as artificial intelligence drives power demand higher. Nuclear plants provide steady, carbon-free electricity, making them increasingly attractive to major technology companies. Constellation, the largest U.S. reactor operator, has already reached nuclear power agreements with Amazon and Microsoft. Google also has arrangements with other nuclear operators, including NextEra Energy and Southern Co., to support additional generation.
Neither Constellation nor Google commented on the reported negotiations. Investors will watch for an announcement that could clarify the contract’s size, duration and nuclear assets involved.
Why it matters
The potential deal highlights growing competition for reliable electricity as AI infrastructure expands. It could also strengthen the investment case for nuclear power producers serving large technology customers.
