Alphabet's (GOOGL) Settles on Tennessee for Nuclear Power Plant amid AI Power Demands

Alphabet Inc. (NASDAQ:GOOGL) is one of the best stocks to buy according to billionaire Ken Fisher. On August 18, the company confirmed that it has settled on Tennessee as the site for an advanced nuclear power plant. The plant being developed in partnership with Kairos Power is designed to generate clean energy for powering data centers of major tech companies in the US.

Alphabet’s Google is looking to capitalize on the growing demand for electricity needed to scale up technologies like generative artificial intelligence. The record energy needs have already triggered power consumption to reach record highs, fueling the need for new power sources.

The proposed nuclear plant is designed to generate 50 megawatts of advanced nuclear capacity, enough to power approximately 350,000 homes. It is to be built in Oak Ridge, Tennessee, under a long-term power purchase agreement with the Tennessee Valley Authority.

“This collaboration with TVA, Kairos Power, and the Oak Ridge community will accelerate the deployment of innovative nuclear technologies and help support the needs of our growing digital economy while also bringing firm carbon-free energy to the electricity system,” said Google’s Amanda Peterson Corio.

Alphabet Inc. (NASDAQ:GOOGL) is a conglomerate that owns and manages Google’s diverse range of businesses, including its core internet services, such as search, advertising, and cloud computing, as well as other ventures in areas like healthcare, biotechnology, and home automation.

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.