Hyperscalers reshape the nuclear market

Google's 25-year contract supports the proposed 615-MW Iowa reactor restart, backed by a $1.9 billion DOE loan commitment and a 2029 target. Its 20-year Loviisa electricity deal supports Fortum's roughly €1 billion life-extension program, reinforcing long-term hyperscaler contracting as a potential financing tool for existing and future nuclear assets, though execution and economics remain uncertain.