Google Signs Long-Term Power Purchase Agreement with Constellation Energy
Alphabet Inc., parent company to Google, has entered into a long-term power purchase agreement (PPA) with Constellation Energy. The deal involves Alphabet acquiring 3.59 gigawatts of electricity from the U.S.'s largest clean energy producer, including at least 890 megawatts from nuclear sources. This partnership supports Alphabet's expansion in AI and data center infrastructure by securing a stable power supply. Constellation Energy plans to use part of this revenue—$4.3 billion—to modernize its existing nuclear fleet. The agreement includes two PPAs: one for 20 years covering the nuclear portion, and another for 15 years for additional electricity from Constellation's PJM wholesale market operations. In return, Google will provide AI solutions to help optimize Constellation’s energy production. The deal has already had a positive impact on Constellation Energy's stock price, which rose over 12% following the announcement.
Topics: AI Infrastructure Energy Nuclear Power Tech Industry