Google is investing in nuclear fusion in its electricity purchase agreement at its Virginia plant

Alphabet Inc. (NASDAQ:googl) is one of Buy Now High Profitable Stocks. On June 30th, Google announced its investment in nuclear fusion. This is not a power source that has not yet been deployed globally. Tech Giant has revealed plans to purchase 200 megawatts of electricity from the proposed nuclear fusion plant in Chesterfield County, Virginia.

This technology is based on MIT research. Additionally, Google has increased its existing equity investments in Commonwealth, adding to the more than $2 billion it already raises. The exact size of Google’s new investment has not been revealed, but CFS co-founder and CEO Bob Mumgaard has shown it rivals the previous 2021 Series B funding round of $1.8 billion.

Users who enter search queries into Google search boxes emphasize the company’s search capabilities.

This demonstrates Google’s commitment to its pledge to match global electricity usage with 24/7 carbon-free power by 2030. This was a goal set by the alphabet. The International Atomic Energy Agency estimates that fusions can generate four times more energy per kilogram of fuel than nuclear fission, and 4 million times more energy than combustion of combustion oil and coal without releasing carbon dioxide.

Alphabet Inc. (NASDAQ: GOOGL) offers a variety of products and platforms and operates through Google Services, Google Cloud and other BET segments.

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.