Google signs up to back upgrades at two Georgia nuclear plants that would add about 96 megawatts
The AI stack on 21 September 2026. 4 moves, 3 with a primary source.
Google signs up to back upgrades at two Georgia nuclear plants that would add about 96 megawatts
· L1 Power and land · ~96 MW added; ~$900m projected customer benefits · Confirmed
Georgia Power and Google announced on 21 September that Google will support upgrades to Georgia Power's share of the Vogtle and Hatch nuclear plants, work that would let them add about 96 megawatts of new capacity to the grid. Google will subscribe to a new Nuclear Uprate tariff, a price plan filed with Georgia's Public Service Commission the same day, and receive the credits for the carbon-free power the upgrades produce. Georgia Power says Google's subscription should bring its customers about $900 million in projected benefits over the life of the units, and that the structure helps protect customers who do not take part from the extra cost of the work. The deal still needs the commission's approval. Georgia Power presents it as a case of a large new customer's demand bringing savings for everyone else rather than costs.
A Texas energy company will power a West Texas data centre with 76 megawatts of its own generators for six years
· L1 Power and land · 76 MW; 6 years; ~40 gas generators · Confirmed
Kodiak Gas Services, based in The Woodlands, Texas, said on 21 September that it will supply 76 megawatts of power directly to a West Texas data centre for six years, from about 40 natural-gas generators on the site rather than through the public grid. The data centre's operator has a contract with an investment-grade-rated hyperscaler, one of the giant cloud companies, and its lease is guaranteed by a designer of GPUs, the chips that run AI; neither is named. Kodiak expects to start installing the equipment in the last three months of 2026 and to begin earning revenue from it in early 2027. It is Kodiak's second long-term contract to be a data centre's main power supply, part of a push towards two gigawatts of generating capacity by 2030.
An AI drug-discovery company files to go public, showing a $77 million loss last year
· Band Money · $207.9m cash; 2025 net loss $77.3m (2024: $47.9m); revenue $9.4m (2024: $1.2m) · Confirmed
Iambic Therapeutics, which says it combines its own large AI models with automated lab experiments to design medicines, filed on 21 September to sell shares to the public for the first time. Its filing shows $207.9 million in cash at the end of June 2026 and a net loss of $77.3 million in 2025, up from $47.9 million in 2024, while revenue from research partnerships rose to $9.4 million from $1.2 million. Its pipeline is led by three cancer programmes it says were developed with its AI platform; the most advanced is in an early-stage trial in patients with advanced tumours. The price range in the filing is still blank. For anyone asking whether AI drug discovery is a business yet, this is a rare full look at one company's books.
South Korea's chip exports reached 34.12 billion dollars in the first 20 days of September, up 259 percent on the same days last year, according to customs figures reported by the Korea Times. Total exports over the same period were 71.4 billion dollars, against 40 billion a year earlier. Divide one by the other and chips were about 47.8 percent of everything Korea sold abroad in those 20 days; that share is this desk's own arithmetic, not a figure the article states. This desk could not read the Korea Customs Service's own release, so the item runs as Reported. For people in Korea, chips are now close to half of what the country sells abroad, so a swing in chip sales now moves the whole country's trade figures.