Google Close to $1 Billion Nuclear Energy Deal with Constellation

Google’s parent company, Alphabet, is close to finalizing a major agreement with Constellation Energy to purchase nuclear energy. The multi-year deal is reportedly worth $1 billion or more, according to a report by Bloomberg News. The announcement could come as early as this week, though neither Google nor Constellation Energy has confirmed the details.

The growing demand for electricity driven by AI computing has sparked renewed interest in nuclear power, which provides reliable and carbon-free energy. Google has previously taken steps to support nuclear energy, partnering with NextEra Energy last year to restart a nuclear power plant in Iowa. The company also recently signed a deal with Southern Co. to support upgrades at two of its nuclear plants.

Constellation Energy has a history of similar agreements, having previously signed power deals with tech giants like Amazon.com and Microsoft. The potential deal with Google underscores the increasing reliance on nuclear energy to meet the rising power needs of the tech industry.