Google Invests in Nuclear Energy Amid Record AI Spending

Google has made its first-ever nuclear deal to extend the life of Finland's Loviisa nuclear plant through 2050. The tech giant invested in keeping an existing reactor running instead of building a new one, which is in line with Jim Cramer's warning that building new plants is challenging.

The deal is part of Google's broader clean energy package that includes wind power and battery storage. This move highlights the company's cautious approach to nuclear energy expansion amid its massive AI infrastructure spending.

Google has signed a long-term contract to buy half the output of the Loviisa nuclear plant through 2049, locking in stable, low-carbon electricity costs for its AI infrastructure. By doing so, Google secures cheap nuclear power and turns a volatile expense, wholesale electricity, into a more predictable one.