$GOOGL and $CEG Reportedly Near Billion-Dollar Nuclear Power Deal

$GOOGL and $CEG are reportedly nearing a billion-dollar nuclear power agreement.
If completed, the deal would add Google to Constellation Energy’s growing list of major hyperscaler customers alongside $MSFT, $META and $AMZN.
The broader trend is becoming increasingly clear: existing nuclear capacity is turning into a scarce strategic asset as AI companies compete for large amounts of reliable power.
Unlike many new generation projects, existing nuclear plants can provide firm 24/7 electricity on timelines that fit more closely with this decade’s data center buildout.
That is making long-term power contracts increasingly valuable for both hyperscalers and utilities.
For $CEG, signing another major AI customer would strengthen the case that nuclear assets are becoming central infrastructure for the next wave of compute demand.
For $GOOGL, the deal would be another step toward securing the power needed to support increasingly energy-intensive AI workloads.