Google and Constellation Energy today announced a long-term strategic clean energy collaboration to add 890 megawatts of new, reliable nuclear capacity to the PJM Interconnection grid to meet growing demand and improve grid reliability.
The deal will facilitate over $4.3 billion in new investments by Constellation, including expanding capacity at several of the company’s nuclear reactors across the Midwest and Mid-Atlantic regions, according to the companies.
The 20-year power purchase agreement will enable investments in new equipment and technology at 11 Constellation-owned nuclear units in Illinois, Pennsylvania, and New Jersey, help sustain roughly 4,400 existing jobs, create approximately 7,200 new construction jobs during the building period, and represent more than $4.3 billion of new investment by Constellation.
Amanda Peterson Corio, global head of energy and power at Google, told investors, “We’re committed to meeting our growth responsibly by actively investing in clean, reliable power that brings new capacity to our nation’s grids. Our agreement with Constellation to fund nuclear reactor uprates will strengthen the PJM grid, which serves 67 million people, all while protecting energy affordability and supporting local union jobs.”
Joe Dominguez, CEO of Constellation, stated, “Preserving and expanding the output of the existing nuclear fleet and developing new clean generation is critical to meeting our nation’s growing energy needs while keeping costs affordable for homes and businesses. This long-term clean energy collaboration with Google can serve as a model for how technology companies and the energy industry can work together to responsibly develop the digital economy and invest in our nation’s energy infrastructure in a way that delivers grid-wide benefits for all, funded by private entities.”
The news follows Constellation’s recent announcement of an agreement to restart its Three Mile Island reactor in Pennsylvania to supply Microsoft, which is opening new data centers. Meanwhile, Google has contracted to restart NextEra Energy’s nuclear power plant in Iowa.
By CEO NA Editorial Staff
