NewMed insists $6.7b deal with Dalia Energy cancelled

Google has entered into a significant power purchase agreement with Constellation Energy, securing 3,590 megawatts of electricity from the company. This deal marks one of the largest power contracts in the United States, with nearly a quarter of the supply coming from nuclear energy. The agreement involves upgrading several nuclear reactors in the Midwest and Mid-Atlantic regions, adding capacity to meet the growing demand for electricity.

Constellation will invest over $4.3 billion in this project, expanding its fleet of power plants. Major tech companies are increasingly relying on long-term power deals to secure reliable electricity for their data centers. In the past two years, Google and Constellation have made agreements to restart nuclear reactors in Pennsylvania and Iowa.

The latest deal is a 20-year power purchase agreement for 890 megawatts of electricity from Constellation-owned nuclear plants, with the first upgrades expected to begin in 2028. Constellation, the largest US nuclear power plant operator, also owns natural-gas-fired power plants and geothermal energy. Google's global head of energy and power, Amanda Peterson Corio, emphasized the company's commitment to meeting growth responsibly through clean, reliable power.

The deal with Constellation addresses PJM Interconnection's proposal requiring data center customers to either provide their own power or face being disconnected during peak demand. The agreement between Google and Constellation sets a practical model for other major power consumers to expand new supply and invest in energy infrastructure without state or federal mandates.