Alphabet’s Google has bought out Crusoe’s data center site in southeast Wyoming, opting to take on the project itself after the AI computing upstart failed to lock in customers
Alphabet’s Isomorphic Labs is in talks to raise roughly $5 billion in new funds to support its efforts to use artificial intelligence for drug discovery, according to sources
Alphabet $GOOGL is taking part in a $1.5B prepaid electricity deal in California, its second this year, with Goldman Sachs $GS arranging tax-exempt bonds that will fund discounted power for Central Coast Community Energy.
Alphabet is the first technology company to take that funding role, while Meta has gone a different route, signing a 20-year deal for about 2,600 MW of nuclear power from Vistra $VST.
With prepaid energy issuance at a record $36.5B this year, power is becoming a financing story as much as a supply story, which keeps Constellation Energy $CEG, Cameco $CCJ and Forgent Power Solutions $FPS in focus as AI power demand grows.