Google and Constellation ink $4.3 billion nuclear power deal

Google and Constellation Energy have inked a $4.3 billion deal to expand nuclear power capacity. The 20-year power purchase agreement will bring 890 megawatts of new nuclear capacity to the PJM Interconnection grid. Constellation plans to upgrade 11 nuclear units in Illinois, Pennsylvania, and New Jersey, with the first improvements expected by 2028. The project aims to sustain 4,400 existing jobs and create 7,200 new construction roles.

In addition to the power purchase agreement, Google and Constellation signed a 15-year energy supply deal for 2,700 megawatts from Constellation's existing fleet. Amanda Peterson Corio, Google's global head of energy and power, emphasized the company's commitment to clean and reliable power. Meanwhile, Constellation's CEO Joe Dominguez highlighted the collaboration as a model for technology and energy industries.

The agreement includes a five-year technology partnership where Constellation will use Google Cloud and Gemini Enterprise for operations like site selection and cybersecurity. This follows a similar deal between Constellation and Amazon last week, where Amazon committed to purchasing 690 megawatts from the Calvert Cliffs plant in Maryland. Google already has nuclear power agreements with NextEra Energy and Southern Co.

The deal aligns with PJM's 'Bring Your Own Power' proposal, allowing large power consumers to add new supply without burdening residential customers.