Google's parent company Alphabet Inc. has agreed to sign a 20-year nuclear power purchase agreement with Constellation Energy Corp. At a time when demand for electricity is surging due to the boom in data center construction, technology companies are racing to lock in long-term power supply. The two companies said in a statement on Tuesday that the agreement involves 890 megawatts of additional electricity, confirming Bloomberg's previous reports. Constellation will invest more than $4.3 billion in expansion projects. The additional electricity will be connected to the grid of PJM Interconnection, the largest transmission operator in the US. The artificial intelligence boom requires large amounts of electricity and is driving the market to refocus on nuclear energy. Nuclear power not only provides stable power supply around the clock, but also does not generate carbon emissions. Recent deals mainly revolve around existing nuclear power facilities, as new reactors usually take ten years or more from approval to completion, while next-generation fissile nuclear technology may still take years to be deployed on a large scale. Amazon also reached a similar agreement with Constellation last week. The cloud and e-commerce company agreed to purchase 690 megawatts of electricity, including increased power generation capacity by upgrading the Calvert Cliffs nuclear power facility in Maryland.

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