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Google Plans to Sign Over $1 Billion Long-Term Power Purchase Agreement with Constellation Energy: Locking in Existing Nuclear Baseload to Support AI Computing Expansion

Recently, Google's parent company Alphabet (Alphabet Inc., Nasdaq: GOOGL) is nearing a multi-year nuclear power purchase agreement with Constellation Energy. Google will pay $1 billion or more, and the agreement could be announced as early as this week. It is understood that this potential agreement comes as the massive electricity demand driven by the artificial intelligence boom is reigniting interest in nuclear energy, which can provide emissions-free power around the clock. Recently reached agreements have mainly focused on existing nuclear facilities, because permitting and construction of new reactors can take more than a decade, while next-generation fission technology still requires years before large-scale deployment. This news follows Amazon...

2026-10-06

Kairos Power Secures $100 Million Investment from Samsung to Build Nuclear Reactors for Google

Recently, Kairos Power received a $100 million investment from Samsung C&T to build nuclear reactors for Google. Samsung C&T Engineering will participate in the construction of Kairos Power's 50-megawatt demonstration reactor, which is planned for completion by 2030. As part of the deal, Samsung C&T will make an equity investment in Kairos Power and provide in-kind engineering services, with the combined value reaching up to $100 million. Kairos Power stated that the equity investment will account for $70 million of the total investment. Samsung C&T has participated in or helped build approximately a dozen nuclear reactors worldwide, possessing extensive...

2026-09-23

Southern Company Partners with Google to Upgrade Nuclear Plants to Meet Power Demand

Recently, Georgia Power, a subsidiary of Southern Company, reached an agreement with Google aimed at supporting upgrades to its two nuclear power plants, expected to add approximately 96 megawatts of power supply capacity. This collaboration comes amid surging power demand from data centers and other large users, driving the expansion of existing nuclear plants in pursuit of an around-the-clock, carbon-free power source. The agreement, which still requires approval from the Georgia Public Service Commission, provides funding for power upgrades to Georgia Power's share of the Vogtle and Hatch nuclear plants. Google's subscription will bring customers approximately $900 million in...

2026-09-22

Finland's Loviisa Nuclear Power Plant Signs 22-Year Power Purchase Agreement with Google

On September 9, 2026, Google announced that it will invest at least 13 billion euros in Finland over the next two years for artificial intelligence infrastructure construction. The investment includes building and expanding data centers in Finland, along with supporting energy projects. Among them, Google signed a 22-year power purchase agreement with Finnish energy company Fortum to purchase up to 50% of the electricity generated by the Loviisa Nuclear Power Plant. Google President and Chief Investment Officer Ruth Porat stated that this arrangement is Google's first nuclear energy deal outside the United States. Google said this investment is its largest single investment in Europe, and the related infrastructure will support services including Gemini, Search, Maps, and YouTube. Lovi...

2026-09-10

Iowa Research Promotes Nuclear Energy Industry Development

The Iowa Nuclear Energy Task Force released a report stating that, leveraging experience in deploying new energy technologies, a strong manufacturing base, workforce conditions, and the Duane Arnold nuclear power plant restart plan, Iowa is well-positioned to play a greater role in the growing nuclear energy industry. NextEra Energy has agreed to restart the Duane Arnold nuclear power plant, primarily to supply power to Google. Image courtesy of NextEra Energy. The task force was established by Iowa's governor in January of this year with the mission of assessing opportunities for advancing nuclear energy technology and infrastructure in the state. The report recommends that Iowa conduct a statewide nuclear energy feasibility study, identify areas suitable for new nuclear project development, and establish a one-stop coordination window to facilitate nuclear project advancement.

2026-09-08