Google close to a deal worth over $1 billion with Constellation for nuclear energy, Bloomberg reports

Google’s parent company, Alphabet, is close to a multi-year deal to buy nuclear energy from Constellation Energy for $1 billion or more, Bloomberg News reported on Monday, according to people familiar with the matter, as Reuters reports.

According to the report, the deal could be announced as early as this week. Google was not reachable for comment outside official hours, while Constellation Energy declined to comment.

Rising demand for electricity from artificial intelligence computing has revived interest in nuclear energy, which offers stable, carbon-free power — a decisive advantage for the data centres being consumed by the AI boom.

Last year Google joined NextEra Energy to restart a nuclear power plant in Iowa, while last month it signed deals with Southern Co to support upgrades at two of the company’s nuclear plants. Constellation, for its part, has previously signed energy deals with Amazon and Microsoft as well — a sign of the open race among the technology giants to secure clean, stable energy for artificial intelligence.