Google Signs 20-Year Power Purchase Deal With Constellation Energy

This is a hyperscaler locking in long-dated power rather than a crypto story, but the read-across matters: AI-driven electricity demand is now being contracted on utility-like timescales, and the disclosed job and investment figures are being used to frame it as regional economic policy, not just procurement. The absence of terms leaves the real signal unquantified — whether this is new generation or existing capacity, and how it is priced, determines whether it tightens or loosens supply for everyone else competing for the same electrons.