Google Teaming Up With Nuclear Project Developer For 3 Sites

Nuclear developer Elementl Power said Wednesday it will partner with Google to set up three sites for advanced nuclear reactors.

Google, along with Meta and Amazon, have increasingly looked to nuclear power as they work to meet the massive energy needs of data centers.

“Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation,” Amanda Peterson Corio, global head of data center energy at Google, told CNBC.

The exact terms of the deal are private, but Google agreed to commit “early-stage development capital to the three projects,” including expenses such as permits, contract negotiations and other necessary precursors to construction, CNBC reported.

“Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power and help companies advance their long-term net zero goals,” Elementl Power Chairman and CEO Chris Colbert said in a Wednesday release announcing the venture.

Proposed locations weren't disclosed, but each reactor will create at least 600 megawatts of power capacity. Google will have the ability to buy the power once sites are operational.

Elementl Power is a 3-year-old nuclear power project developer and hasn’t yet built any projects, CNBC reported. The company has a goal of bringing more than 10 gigawatts online in the U.S. by 2035.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Illinois Voters Weigh Data Center Referendums On November Ballot

Site Centers To Stop Trading As It Winds Up Operations

Newmark: $179B In Low-Rate Real Estate Loans Face Refinancing Risk

Brookfield Veteran Departs To Become Pretium's Global Real Estate Lead

Lenders Accuse Nord Group Entities Of Pocketing Rents, Faking Insurance As Multifamily Empire Crumbles

Willy Walker On The Risks And Sacrifices Behind Walker & Dunlop's Growth

Howard Hughes Texas President Jim Carman To Step Down

Apartment Rent Declines Slowing, Demand Rising As Renter Pool Expands

Prologis Warns Higher Borrowing Costs Will Slow Industrial Deals, Development

After Rig Collapse, Citadel HQ Project Resumes With Safety Protocol Update

Swedish Real Estate Giant To Buy Stockbridge For Up To $550M

Space Race: How The Private Sector's Orbital Aspirations Are Driving CRE On Earth