Google (GOOGL) Signs 20-Year, 890 MW Nuclear Power Deal With Constellation Energy

890 MW for the PJM Grid

Google has signed a 20-year power purchase agreement with Constellation Energy that will add 890 megawatts of new nuclear capacity to the PJM Interconnection grid, the transmission network serving parts of the US Mid-Atlantic. Constellation (CEG) will invest roughly $4.3 billion to fund the project, the companies said in a joint announcement on Tuesday, October 6. None of the new megawatts comes from new construction. Constellation plans to lift output at 11 reactors already running in Illinois, Pennsylvania and New Jersey by upgrading turbines, steam generators and digital control systems, an approach the power industry calls an uprate. An uprate squeezes additional output from existing hardware rather than adding a new site, which is why Constellation treats it as the fastest route to firm capacity, and the first upgraded deliveries are slated for 2028. PJM has warned of tightening supply as data-center demand climbs, which is why both companies pitched the package around affordability and grid reliability. Amanda Peterson Corio, Google's global head of energy and power, said the company plans to support its growth by investing in clean, reliable power while adding capacity to the US grid. Constellation CEO Joe Dominguez called the partnership a potential model for how technology firms and energy producers can expand the digital economy responsibly. For Alphabet, Google's parent, the contract locks in carbon-free baseload electricity at a moment when AI clusters run around the clock and cannot lean on intermittent generation alone. Constellation says the program will sustain about 4,400 existing jobs and create roughly 7,200 construction roles during the expansion.

A Second Deal and an AI Alliance

The headline agreement runs alongside a second, longer contract. Under a separate 15-year arrangement, Google will procure 2,700 MW from Constellation's existing PJM fleet, a deal designed to keep those plants economically viable and connected rather than risk their retirement from the market. The long term gives Constellation revenue certainty that supports continued operation of units that might otherwise struggle in capacity auctions. Together, the two agreements respond directly to PJM's “Bring Your Own Power” proposal, which asks the largest consumers to arrange their own new supply so that grid upgrades and peak-period curtailments, including the remote-trip risk operators have flagged for data centers, do not land on residential ratepayers. Constellation's announcement ties the package to the White House Ratepayer Protection Pledge on the same principle. The partnership also carries a software layer. Constellation will deploy Google Cloud and the Gemini Enterprise platform across its operations under a five-year technology alliance covering site selection, power-flow modeling, permitting and interconnection planning, alongside real-time monitoring of asset health and cybersecurity protection for operational technology networks. The companies expect AI tooling to shorten project timelines across the fleet. The agreement extends a run of technology-nuclear tie-ups. Days earlier, Amazon committed to 690 MW and more than $3 billion in investment tied to the Calvert Cliffs plant in Maryland, its first deal to fund a nuclear uprate. Google already holds agreements covering NextEra Energy's planned restart of the Duane Arnold reactor in Iowa, offline since 2020, and upgrades at two Southern Co. plants. Microsoft signed a 2024 deal to buy nuclear power from Three Mile Island, which Constellation intends to bring back online in 2027.

GOOGL Eyes the $351 Mark

COINOTAG data shows Alphabet (GOOGL) trading at $348.77, up 1.05% over the past 24 hours, inside a $344.89–$349.28 range. COINOTAG's composite scoring rates the $343.91 support at 100/100, where the 20-day and 50-day EMAs converge with the S1 pivot, and the $351.00 resistance at 91/100, backed by the R2 pivot, the Ichimoku Cloud top and a high-volume node. RSI sits at 54.5 with a bullish MACD signal and a daily uptrend. On the Alphabet stock perpetual, funding runs at 0.0206% per interval with open interest near $121.97 million. The session high of $349.28 sits below $351.00, so that level is untested since the news; a close above it would confirm the move, while losing $343.91 would negate it.