The U.S. Department of Energy has approved a conditional $1.9 billion loan guarantee to support the restart of a retired nuclear power facility, backed by a long-term power purchase agreement with Google to supply clean energy to its expanding AI data centers.
The public-private financing package aims to bring the decommissioned reactor back online to deliver reliable, zero-emission baseload power directly to hyper-scale cloud facilities in the region. The deal highlights growing federal support for grid modernization and nuclear energy restarts as tech giants scramble to secure gigawatt-scale electricity supplies to feed power-hungry artificial intelligence infrastructure without derailing corporate net-zero sustainability commitments.
