Google Deal With NextEra Will Restart Iowa Nuclear Plant In 2029

Growing electricity demands from AI data centers are driving tech companies towards nuclear power. NextEra Energy and Google are partnering to restart the Duane Arnold Energy Center in Iowa, aiming for a 2029 reopening. Google will purchase the plant's power under a 25-year agreement, with NextEra acquiring full ownership of the facility. This agreement mirrors similar nuclear supply arrangements with other tech giants like Microsoft. NextEra and Google will also explore next-generation nuclear technologies. Cameco and Westinghouse Electric, along with Brookfield Asset Management, have secured an $80 billion deal with the US government to build nuclear reactors. This partnership aims to meet rising energy demands and compete with China in the AI sector. The project is expected to create thousands of jobs across various states. Goldman Sachs views the partnership as a significant step in revitalizing nuclear supply chains to increase nuclear power deployment in the United States. The restarts and new builds are win-win deals providing clean power, protecting affordability, and creating jobs.