Google enters massive 3.6-GW power deal with Constellation Energy

Google has entered into a substantial 20-year power purchase agreement with Constellation Energy, securing 3,590 megawatts of electricity. The deal marks the largest power contract in the US, with new nuclear energy comprising approximately a quarter of the supply. This investment will result in over $4.3 billion in new capital for Constellation Energy.

The agreement involves upgrading several of the company's nuclear reactors in the Midwest and Mid-Atlantic regions. Major tech firms are competing to secure substantial energy supplies for their data centers across the US, with Google and Constellation being recent examples of such partnerships. Constellation Energy is the largest US nuclear power plant operator, owning a vast fleet of natural-gas-fired power plants.