Google Nears Nuclear Power Deal with Constellation Energy for Data Centers
Google is reportedly nearing a multi-year agreement with Constellation Energy Corp. to procure nuclear power for its data centers. Sources familiar with the discussions indicate the deal could exceed $1 billion.
This potential agreement would contribute to Google's existing nuclear power commitments, including a previous deal with NextEra Energy Inc. to support the restart of the Duane Arnold reactor in Iowa, which has been offline since 2020. Additionally, Google recently partnered with Southern Co. to fund upgrades at two nuclear plants for new nuclear capacity.
The increasing electricity requirements of technology companies, fueled by the growth of artificial intelligence and data center demand, are driving interest in nuclear power. Nuclear energy offers continuous, emissions-free electricity. Recent agreements in the sector have primarily focused on utilizing existing nuclear facilities, as the development of new reactors can be a lengthy process.
Other technology firms are also pursuing similar strategies. Amazon.com Inc. recently agreed to purchase 690 megawatts of power from Constellation, which includes capacity from an upgrade at the Calvert Cliffs nuclear facility. Microsoft Corp. also entered an agreement in 2024 to buy power from the Three Mile Island nuclear plant in Pennsylvania, with Constellation planning to restart the reactor by next year.