StocksMediumUpdated×4•Originally published 6 October 2026•Updated 7 October 2026•
1 min read
Constellation Energy Signs 20-Year Nuclear Power Deal With Google
Key Facts
1Constellation Energy announced it has signed a long-term power agreement with Google spanning 20 years.
2Constellation Energy shares jumped following the announcement of the deal aimed at supporting Google's power needs.
Constellation Energy announced it has signed a 20-year power agreement with Google to provide 890 megawatts of nuclear energy to the PJM power grid. The company stated it will devote over $4 billion to expanding and modernizing its nuclear fleet as part of the deal, which involves uprates across 11 facilities in three states.
The partnership is designed to secure Google's electricity needs for its data centers through carbon-free energy sources, Investopedia reported. Shares of Constellation Energy jumped 12% in trading on October 6, 2026, while Vistra shares rose 8% and Talen Energy climbed 7% on the same date; CEG had closed at $267.62 on October 5, 2026.