Google and Constellation Near $1B Nuclear Deal
Alphabet, Google's parent company, is close to finalizing a deal worth $1 billion or more with Constellation Energy to purchase nuclear power, which is expected to be announced this week. The agreement aims to secure a sustainable, 24/7 electricity supply to support the surge in data centers, driven by the increasing demand for electricity needed for artificial intelligence, which is projected to generate revenues estimated at $6 trillion. This move comes amid a growing trend among tech companies to adopt nuclear energy as a means to meet their energy needs and reduce emissions.
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