Google secures 890 MW of nuclear power from Constellation Energy
FROM THE WIRE · FINANCE.YAHOO.COM
Google/Alphabet (NASDAQ:GOOG) says it has contracted 3,590 megawatts of power from Constellation Energy (NASDAQ:CEG) in the largest US power grid, PJM Interconnection, which serves 67 million people across 13 states and Washington, D.C. New nuclear energy will account for about…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA major power deal reflects big tech's race to fuel AI data centers and revitalizes the US nuclear industry.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Google contracted 3,590 megawatts of power from Constellation Energy in the PJM grid serving 67 million people.
- 02About 890 megawatts (one quarter of the total) will come from new nuclear energy.
- 03The deal reflects Google's drastically increased electricity needs from AI and data center expansion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alphabet Inc.347.37 USDMarket closedtoday +0.81%Positive Alphabet Inc.350.50 USDMarket closedtoday +0.81%Positive Constellation Energy Corporation299.59 USDMarket closedtoday -0.27%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets