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Xcel Secures Google Data Center Power Deal
Coverage from Aol, Yahoo Finance, and others
Xcel Energy has reached a 15-year electric service agreement with Google for a 750-megawatt data center campus in Minnesota.
Google would cover the project’s associated service, generation, and transmission costs, while Xcel estimates the structure could save residential and small-business customers $1 billion to $1.5 billion over the agreement term. The package still requires Minnesota Public Utilities Commission approval and links the project to new wind, solar, batteries, and broader plans to support 2 gigawatts of data center capacity.
The main update is that the Google deal now has more concrete economics: Xcel says Google would cover all associated costs and estimates a large customer savings benefit over 15 years. The story also adds a clearer regulatory and operational frame, with specific Minnesota Public Utilities Commission approval still needed and broader data center capacity plans underway.
The main update is that Xcel’s Google deal has moved from a broad growth plan into a more concrete agreement with defined cost allocation and a named long-duration storage partner. The remaining gating item is now clearly the Minnesota regulatory approval for the Clean Energy Accelerator Charge.