Google in Talks to Sign Billion-Dollar Nuclear Power Deal with Constellation
nashnova research
Alphabet is close to signing a multi-year nuclear power deal worth at least $1 billion with Constellation Energy, the largest U.S. reactor operator — the latest sign that Big Tech's race for stable, clean electricity to feed AI data centers has turned into a systematic land grab.
What is Google actually buying?
Google will pay Constellation at least $1 billion under a multi-year power purchase agreement that could be announced as soon as this week.
The exact power capacity and plant locations have not been disclosed; both companies declined to comment on Monday.
This means → Google is not just buying electricity — it is locking in long-term, baseload power rights, the scarcest resource for AI data centers.
Why are tech giants all chasing nuclear?
AI data centers need power that is around-the-clock, large-scale, and zero-carbon. Nuclear is virtually the only source that checks all three boxes today.
Building a new reactor takes over a decade from approval to operation; next-generation fission technology is still years from deployment at scale.
In plain terms = new plants cannot be built fast enough, so the race is to lock up existing facilities — first to sign, first to get the power.
Why is Constellation the biggest winner?
Last week, Amazon signed a similar deal with Constellation covering 690 megawatts, including new capacity from upgrades at the Calvert Cliffs plant in Maryland.
If Google's deal goes through on schedule, Constellation will have closed agreements with two tech giants in two weeks.
This reflects Constellation's position as the largest U.S. reactor operator — it holds more existing nuclear capacity than any competitor, giving it seller dominance in this round of bidding.
Beyond Google — how much have other giants committed?
Google had already agreed to buy power from NextEra Energy to support restarting the Duane Arnold reactor in Iowa, and last month funded upgrades at two Southern Co. nuclear plants.
Microsoft signed a 2024 deal to purchase power from the shuttered Three Mile Island plant; Constellation plans to restart the Pennsylvania reactor next year.
This means → America's existing nuclear plants — whether upgradeable or restartable — are being locked up one by one, leaving fewer options for latecomers.
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