Story perspectives

Constellation Signs 20-Year Nuclear Power Deal With Google

By Drooid · Oct 7, 2026, 2:25 AM UTC · How we work

Summary

Story summary

Constellation Energy Corp signed a 20-year power purchase agreement with Google to supply nuclear power.
The deal provides 3,590 MW of power, including 890 MW of upgraded capacity on the PJM grid.
Constellation will invest more than $4.3 billion in reactor upgrades, creating 7,200 construction jobs.
Shares rose to $309.30, a 15% jump, after the announcement.
Execution risk remains because uprates in Illinois, Pennsylvania and New Jersey must be completed.

History

Historical Context

The March 28 1979 partial melt at Three Mile Island halted U.S. nuclear growth, leading to 52 reactor cancellations by 1984. The 1992 Energy Policy Act then offered incentives that spurred Constellation Energy and the Tennessee Valley Authority to invest $2.5 billion in uprates, adding about 1,000 MW by 2005. Google’s 20-year power purchase agreement with Constellation now secures 3,590 MW, echoing that policy-driven modernization push.

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Story summary

Constellation Energy Corp signed a 20-year power purchase agreement with Google to supply nuclear power.
The deal provides 3,590 MW of power, including 890 MW of upgraded capacity on the PJM grid.
Constellation will invest more than $4.3 billion in reactor upgrades, creating 7,200 construction jobs.
Shares rose to $309.30, a 15% jump, after the announcement.
Execution risk remains because uprates in Illinois, Pennsylvania and New Jersey must be completed.

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