AEP plans to put about $4 billion into a 702-megawatt plant, with Google set to buy its power for 20 years. AEP’s wider $78 billion spending plan and late-2028 start add years of cost, but its 92% stake and committed buyer make the project favorable.
The long purchase deal gives AEP a committed buyer, and its majority stake lets it control the project. The company’s wider investment program and years before full operation mean the benefits will take time. Still, the buyer commitment and AEP’s control support a favorable read.
Google will buy power from the Wyoming plant under a 20-year agreement, helping meet its growing local electricity needs. Full operation is not expected until late 2028, but the deal secures a long-term source of power.
Bloom Energy’s fuel-cell technology will be used at AEP’s 702-megawatt project, creating a large deployment opportunity. The story gives no sales or payment details, and full operation is not expected until late 2028, so the benefit is not yet quantified.
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