Alphabet, Constellation Energy Sign Major Deals to Power AI Data Centers
CEG Constellation Energy Corp
$300.40 +12.25%
View chart & analysis → - 1Constellation Energy shares rose 11.4% on Tuesday.
- 2Alphabet signed a 20-year, 890-megawatt power purchase agreement.
- 3Constellation will expand nuclear power capacity with an additional $4.3 billion investment.
So what's the key point?
Alphabet signed a large deal with Constellation Energy to use electricity for artificial intelligence facilities. Constellation Energy decided to spend an additional $4.3 billion to increase its nuclear power plant capacity.
Source The Motley Fool +1 · View original ↗
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