TLDR Google’s parent company Alphabet is on the verge of finalizing a nuclear energy contract with Constellation Energy valued at more than $1 billion. Bloomberg News reports the deal announc
Shares of Constellation Energy (CEG) surged 4% in Monday’s premarket session after Bloomberg News disclosed that Alphabet (GOOGL), Google’s parent corporation, is close to finalizing a substantial nuclear power contract with the energy provider. Sources familiar with the matter say the multi-year arrangement is valued at $1 billion or higher and may be unveiled before the week ends.
Both Alphabet and Constellation Energy have remained silent about the potential partnership. Google failed to respond to comment requests made outside normal business hours, while Constellation explicitly refused to provide a statement.
Specific terms of the proposed arrangement remain undisclosed. The total power capacity covered by the contract and the source facilities for the energy have not been revealed.
Artificial intelligence infrastructure requires enormous quantities of electricity, and consumption continues to escalate. Nuclear facilities generate consistent power without producing direct carbon emissions, making them attractive options for corporations expanding massive computing operations.
Google parent Alphabet is close to an agreement to buy nuclear energy from Constellation Energy, as technology companies race to line up power for the data-center boom. https://t.co/EhJsnl89F7
— Bloomberg (@business) October 6, 2026
Solar and wind installations depend on environmental conditions, but nuclear reactors operate continuously day and night. For server farms requiring uninterrupted electricity supply, this dependability is critically important.
Google is far from the only technology leader pursuing nuclear energy solutions. Multiple industry competitors have already secured comparable arrangements.
Amazon (AMZN) finalized an agreement with Constellation to purchase 690 megawatts of capacity. A portion of that electricity will originate from planned expansion work at Constellation’s Calvert Cliffs facility located in Maryland.
Microsoft (MSFT) executed a comparable transaction in 2024, committing to purchase power generated by Pennsylvania’s Three Mile Island facility. Constellation intends to bring that plant back online in the coming year.
A Constellation partnership would not represent Google’s inaugural nuclear energy commitment. The technology company collaborated with NextEra Energy (NEE) in the previous year to facilitate the reactivation of Iowa’s Duane Arnold nuclear facility.
Additionally, Google executed a contract with Southern Company (SO) just last month to finance upgrades at two of the utility’s nuclear installations. A finalized Constellation arrangement would represent another significant addition to the company’s expanding energy strategy.
Should the transaction proceed, Alphabet would secure additional dedicated electricity to support its artificial intelligence infrastructure. This objective has gained prominence as the corporation continues expanding its data center network.
Financial analysts maintain positive outlooks on Alphabet stock independent of this specific deal’s outcome. TipRanks data shows GOOGL holds a Strong Buy consensus recommendation, supported by 24 Buy ratings and four Hold ratings issued over the last three months.
The consensus analyst price target stands at $427.88, suggesting potential upside of approximately 24% from present trading levels. This optimistic perspective reflects analysts’ confidence in Alphabet’s overall business operations, extending beyond its energy procurement initiatives.
Constellation has successfully established power supply relationships with three of the technology sector’s most prominent corporations: Amazon, Microsoft, and potentially Google. While each agreement features unique characteristics, the underlying trend remains consistent. Major technology firms require substantially more electricity, and nuclear generation is increasingly becoming a preferred solution.
At present, the Google-Constellation partnership remains unverified by either organization. Bloomberg’s disclosure, attributed to individuals with knowledge of the negotiations, represents the sole information source available. An official public announcement may emerge in the coming days.
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