Alphabet signs nuclear power purchase agreement with Constellation Energy
CEG Constellation Energy Corp
$295.79 +0.65%
View chart & analysis → - 1Alphabet has agreed to purchase power from Constellation Energy's existing nuclear power plants for 15 years.
- 2Alphabet also signed a contract to purchase 890 megawatts of power for 20 years from nuclear power facilities to be built by Constellation Energy in the future.
- 3Constellation Energy's $4.3 billion investment in new nuclear energy capacity is made possible through Alphabet's long-term commitment.
So what's the key point?
Alphabet has promised to buy nuclear power from Constellation Energy. Constellation Energy can invest $4.3 billion thanks to Alphabet's long-term commitment.
Source The Motley Fool +1 · View original ↗
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