00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Google has contracted for 3,590 megawatts of power from Constellation Energy in the largest
00:08U.S. power grid, with new nuclear energy accounting for about a quarter of the supply,
00:12according to Reuters. The deal will support more than $4.3 billion in new Constellation
00:17investment and add capacity at nuclear reactors in Illinois, Pennsylvania, and New Jersey.
00:22Google signed a 20-year agreement for 890 megawatts from upgraded nuclear plants,
00:27with the first power expected in 2028. It also secured another 2,700 megawatts from
00:32Constellation in PJM that is not tied to a specific generation source.
00:37The company said the agreement responds to PJM's proposal requiring data centers to bring their
00:41own power or risk shutoffs during peak demand. For all things money, visit benzinga.com.
