Capital de TokensIt is not 3,590 new megawatts: the difference between the agreements
Watch on YouTube There is another agreement for 2,700 megawatts. Is that another set of upgrades? No. That is the main distinction in this story. In addition to the twenty-year contract tied to the planned 890 new megawatts, Google and Constellation have signed a fifteen-year supply agreement for another 2,700 megawatts from generation assets
There is another agreement for 2,700 megawatts. Is that another set of upgrades? No. That is the main distinction in this story. In addition to the twenty-year contract tied to the planned 890 new megawatts, Google and Constellation have signed a fifteen-year supply agreement for another 2,700 megawatts from generation assets operating in PJM. Constellation describes the latter as generation from assets already in operation. So if we add the two figures and say that 3,590 new megawatts will be built, we are telling the story incorrectly. Very incorrectly. One figure refers to additional capacity sought through upgrades. The other refers to supply from operating plants under a separate contract. The terms are also different: twenty years for the agreement that enables the investments and fifteen for that additional supply.
Full episode: https://youtu.be/k4bbXYNt0BA
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