Google signs 20-year, 3.6-GW power deal with Constellation Energy
Summary
Google has secured a significant 20-year power purchase agreement with Constellation Energy to obtain 3,590 megawatts of electricity, which includes 890 megawatts from upgraded nuclear plants. This deal comes amidst rising electricity demand linked to the expansion of data centers, prompting major tech companies to forge direct power contracts with energy providers for reliable supply. Constellation is set to invest over $4.3 billion to enhance its nuclear generation capacity, with the first upgraded plant anticipated to start delivering power in 2028. The arrangement also responds to PJM's proposal requiring large energy consumers to find their own power sources during peak demand, presenting a potential model for future tech-energy collaborations.