# Google Signs 3.6 GW Power Deal With Constellation Energy to Fuel Data Centers

- URL: https://stocks.freetheai.org/news/google-signs-3-6-gw-power-deal-with-constellation-energy-to-fuel-data-centers-0fc789
- Published: 2026-10-12T14:48:00Z
- Category: energy; sentiment: bullish; impact: high
- Symbols: [NASDAQ:CEG](https://stocks.freetheai.org/symbols/NASDAQ-CEG), [NASDAQ:GOOG](https://stocks.freetheai.org/symbols/NASDAQ-GOOG)
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Alphabet Inc. (GOOGL) search unit Google has signed a power purchase agreement with Constellation Energy Corporation (CEG) to secure 3.59 gigawatts of electricity. The deal features a 20-year power purchase agreement for 890 megawatts, partly coming from new nuclear capacity, alongside a separate 15-year supply contract for 2,700 megawatts. To support the agreement, Constellation Energy plans to invest more than $4.3 billion to upgrade 11 nuclear units across Illinois, Pennsylvania, and New Jersey.

The transaction underscores a broader shift among major technology hyperscalers turning to nuclear power to meet continuous, round-the-clock electricity demands for artificial intelligence and cloud infrastructure. Similar long-term contracts signed across the utility sector have fueled growing investor interest in nuclear equities and focused exchange-traded funds, including the VanEck Uranium and Nuclear ETF (NLR), Range Nuclear Renaissance Index ETF (NUKZ), and First Trust Bloomberg Nuclear Power ETF (RCTR).

Moving forward, investors will track Constellation Energy's progress in upgrading its targeted nuclear facilities, alongside potential regulatory milestones. Market participants will also monitor whether other hyperscale tech providers establish similar multi-year power purchase agreements with nuclear operators.

## Key points

- Google signed an agreement with Constellation Energy to procure 3.59 gigawatts of electricity, partially sourced from new nuclear capacity.
- The deal includes a 20-year commitment for 890 megawatts and a separate 15-year agreement for 2,700 megawatts.
- Constellation Energy will invest over $4.3 billion to upgrade 11 nuclear units across Illinois, Pennsylvania, and New Jersey.
- Following the announcement, Constellation Energy shares rose more than 12 percent, while the VanEck Uranium and Nuclear ETF gained approximately 5.5 percent.

## Questions and answers

### What are the details of the Google and Constellation Energy power deal?

Google agreed to buy 3.59 gigawatts of power from Constellation Energy through an 890-megawatt 20-year contract and a 2,700-megawatt 15-year agreement. The deal drives over $4.3 billion in upgrades across 11 nuclear units.

### How did Constellation Energy stock react to the Google nuclear agreement?

Constellation Energy shares surged over 12 percent following the announcement of the multi-gigawatt power deal with Google.

### Which nuclear ETFs hold shares of Constellation Energy?

Nuclear ETFs holding Constellation Energy include the VanEck Uranium and Nuclear ETF (NLR), Range Nuclear Renaissance Index ETF (NUKZ), and First Trust Bloomberg Nuclear Power ETF (RCTR).