Alphabet's Google and Constellation Energy signed a power purchase agreement for 3.59 gigawatts of electricity, including a 20-year PPA for 890 MW sourced from multiple Constellation nuclear plants and a separate 15-year supply agreement covering 2,700 MW. The deal will drive more than $4.3 billion in new investment by Constellation to upgrade 11 nuclear units across Illinois, Pennsylvania, and New Jersey. Constellation shares surged over 12% following the announcement, while the VanEck Uranium and Nuclear ETF gained roughly 5.5% on the day.
The scale of this agreement, 3.59 GW under contract over terms of 15 to 20 years, signals a sustained shift in how hyperscalers are securing baseload power for AI infrastructure, directly affecting long-term utility economics and nuclear plant investment plans. It follows a pattern of similar deals including Microsoft's $16 billion Three Mile Island agreement and Meta's 2,600 MW PPA with Vistra, showing that contracted revenue from tech companies is reshaping capital allocation across the nuclear sector.
A 3.6 GW nuclear deal between Google and Constellation is a landmark energy procurement story involving two major named companies and a significant grid capacity figure. The TradingView article is selected as it references the full 3.6 GW deal scope; the W.Media article covering 890 MW of the same deal is the same underlying event. 1 similar article covering this event was reviewed but not selected.