Amazon Just Signed a 20-Year Nuclear Power Deal. Here’s the 1 Industrial Stock That Benefits Most.
If there were any doubt that AI data center owners/operators are serious about using nuclear power to shore up their energy supply, Alphabet and Amazon just erased it.
Last week, the e-commerce powerhouse made a 20-year commitment to purchase electricity from Constellation Energy‘s (NASDAQ: CEG) Calvert Cliffs Clean Energy Center in Maryland. Then, early this week, Google’s parent company Alphabet made a separate-but-similar 20-year deal with Constellation to purchase nuclear-generated power from 11 different facilities in Illinois, Pennsylvania, and New Jersey.
Read between the lines: The tech industry knows that nuclear energy will feature prominently in its future mix of power sources, largely because it’s proven, scalable, and ready to go right now.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.