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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

Amazon Signs Long-Term Power Purchase Agreement to Support $3 Billion Investment: Calvert Cliffs Nuclear Power Plant Plans 190 MW Power Uprate and License Renewal Application

Constellation Energy and tech giant Amazon officially announced on September 30 the signing of a long-term Power Purchase Agreement (PPA). The agreement will fully support a major infrastructure upgrade investment exceeding $3 billion at the Calvert Cliffs Nuclear Power Plant in Maryland, with the core plan including a total 190 MW power uprate for two operating Pressurized Water Reactor (PWR) units. This 20-year PPA locks in a 690 MW power supply allocation, of which...

2026-10-03

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

Wisconsin Electric Power Company signs 20-year power purchase agreement with NextEra for Point Beach nuclear plant

WEC Energy Group said its subsidiary Wisconsin Electric Power Company has signed a 20-year power purchase agreement with NextEra Energy Point Beach to purchase 86% of the capacity, energy, ancillary services, and environmental attributes from both units of the Point Beach Nuclear Plant in Manitowoc County, Wisconsin. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC), the new agreement remains subject to approval by the Public Service Commission of Wisconsin (PSC). If approved...

2026-08-20