Google commits €3.7bn ($4.3bn) to add 890 MW of nuclear power
Google and Constellation Energy signed a 20-year agreement to add 890 MW across 11 existing reactors in Illinois, Pennsylvania and New Jersey, with the first upgraded capacity expected in 2028. Constellation says the work will require more than €3.7bn ($4.3bn) in investment; the companies also agreed a separate 15-year deal covering 2,700 MW from Constellation’s existing PJM fleet.
Bottom line — The 890 MW deal gives Constellation long-term revenue certainty while adding capacity to a grid serving 67 million people.
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Nuclear Engineering International reports the package is expected to sustain about 4,400 existing jobs and create roughly 7,200 construction jobs.
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The separate 2,700 MW supply agreement is not tied to a specific plant and adds no new generating capacity, Forbes reports.
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Nuclear Engineering International says the companies also agreed a five-year technology alliance using Google Cloud and Gemini Enterprise for grid operations, maintenance planning and cybersecurity.
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The Sacramento Bee reports PJM has proposed requiring large new users to bring on power or face curtailment during peak demand; the framework is still awaiting regulatory decisions.
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Forbes notes that upgrades to existing reactors avoid new construction, but the option is available only in states with nuclear plants.