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TECH BUYER · MOUNTAIN VIEW, CA, USA
Signs long-term clean power deals (geothermal, fusion, advanced nuclear, storage) for its data centers; also an investor in CFS. sustainability.google
Projects
9
1 operating
Buys from
8
2,033.5 MW of capacity
Funds
1
projects with its money
Money in
—
project-specific, disclosed
Builds
0
as developer
Coming up
LICENSING · DUANE ARNOLD RESTARTNRC restart decisions expected (before Jan 2028)
Palo, IA
thenextweb.com →+ THESISPOLICYDOE adds helium to the Critical Material List
DOE added helium to its Critical Material List, citing semiconductors, natural-gas leak testing and quantum computing. Helium also cools fusion magnets and high-temperature gas reactors. Affects SPARC.
+ THESISCONTRACTVoltus: Google and Voltus expand PJM virtual power plant agreement to 1GW
Energy-Storage.news: Tech giant Google and distributed energy resource (DER) platform Voltus have announced an expanded agreement to build a 1GW virtual power plant (VPP) in the US.
energy-storage.news →+ THESISPROJECTVoltus: Google plans big virtual power plant in energy-strapped PJM grid
Canary Media: Google just upped the ante on its plans to leverage the energy use of thousands of homes and businesses to free up space on the grid for data centers. The tech giant and the California-based firm Voltus announced Thursday that they are going after a gigawatt of virtual-power-plan…
canarymedia.com →+ THESISCONTRACTConstellation Energy: Constellation and Google agree 20-year PPA for 890 MW nuclear uprates
Google and Constellation announced a 20-year power purchase agreement to add 890 MW of nuclear capacity to PJM through uprates at 11 existing units, with about $4.3 billion of planned investment.
constellationenergy.com →+ THESISGeorgia Power and Google announced an agreement to expand output at Vogtle and Hatch nuclear units, creating a new nuclear uprate tariff. The deal still needs Georgia Public Service Commission approval (Docket 44280). Date is approximate, inferred from a relative timestamp.
finance.yahoo.com →+ THESISFUNDING · DUANE ARNOLD RESTARTDOE loan: DOE Loan Programs Office$1.9B
Closed · Up to $1.9B; financial close announced Sept 8, 2026
thenextweb.com →+ THESISPROJECT · CAPE STATION PHASE IIGoogle and Fervo also sign a non-binding 3 GW framework covering Fervo's wider pipeline
Beaver County, UT
deseret.com →+ THESISPARTNERSHIPEos Energy: MN8 Energy, Google and Eos bring clean energy solutions to West Virginia
MN8 Energy, Google and Eos announced a joint effort to bring advanced clean energy solutions to West Virginia.
eose.com →+ THESISPROJECT · SPARCAbout 80% assembled; DOE approves ARC design milestones
Devens, MA
blog.cfs.energy →+ THESISRecent
Developers it backs
Fervo Energy3Commonwealth Fusion Systems2Ormat TechnologiesForm EnergyKairos PowerNextEra Energy
Companies that name it
Voltus2Eos EnergyDuke, Southern, TVA, Dominion, NextEra, EntergyConstellation Energy
Other buyers on these projects
Coming up
Co-funders
STEP 5/6 · AT RISK Advanced reactor timelinesFuel availability becomes a gating item for first units.
STEP 2/4 · AT RISK REBCO superconducting tapeHigh-temperature superconducting magnets use a rare-earth barium copper oxide layer.
STEP 1/5 · SECURE Hyperscalers sign 24/7 clean power dealsGoogle, Meta, Microsoft and Amazon have signed PPAs or funded development for geothermal, fusion and advanced nuclear.
STEP 2/5 · SECURE Next-gen geothermal gets bankable offtakeLong-term contracts let developers raise project debt.
STEP 3/5 · WATCH Fusion gets its first buyersContracts exist before the technology is proven, so delivery risk stays with the developer.
STEP 4/5 · WATCH Advanced nuclear gets anchor customersBuyers fund development and commit to output from first units.
STEP 5/5 · AT RISK Risk: data-center demand forecasts fallLater phases and options depend on load growth continuing; watch hyperscaler capex guidance.
Critical inputs
Copper×4Nickel×3Beryllium×3Rare earths (incl. yttrium)×2Tungsten×2Helium×2Lithium×2Uranium×2TitaniumZirconium
Policy that applies