Google's parent company, Alphabet Inc. $GOOGL (-0,04%) is on the verge of finalizing an agreement with $CEG (+0,36%) the purchase of nuclear power. Bloomberg reported this on Tuesday, citing the race among technology companies to secure a reliable energy supply for the rapidly growing data center industry.
Under the multi-year agreement, Google would pay Constellation more than $1 billion. According to people familiar with the talks cited by Bloomberg, the deal could be announced as early as this week. The exact capacity and location of the nuclear power plants in question are not yet known, according to the report.
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