Data centers bankroll nuclear power deals in US and Finland

· Oil & Gas · United States · Finland

Google/Alphabet has contracted 3,590 megawatts of power from Constellation Energy in the PJM Interconnection grid, which serves 67 million people across 13 states and Washington, D.C., with new nuclear accounting for about a quarter of that supply, or 890 megawatts. Separately in Finland, data centers have become the main financier of new power capacity, exemplified by Google's 507-megawatt agreement with Fortum at Loviisa, the country's first nuclear power purchase agreement with a 22-year term. Together the deals show large tech buyers contracting directly for baseload nuclear supply, shifting power procurement away from renewable volume toward firm, long-dated capacity.

Why it matters：Hyperscale tech buyers are becoming direct financiers of nuclear baseload capacity, a shift that could reshape power markets and the economics of new reactors.

Key points

  • Google contracted 3,590 MW from Constellation in PJM, with 890 MW of new nuclear.
  • In Finland, Google signed a 507 MW deal with Fortum at Loviisa.
  • The Finnish agreement is the country's first nuclear PPA, with a 22-year term.

Sources (original reporting)

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