AGP Executive Report
Last update: 5 hours agoHomegrown Business: Constellation Brands bought New Jersey-founded SpikedAde for $75 million upfront, with up to $278 million more tied to performance. The deal gives the hard sports-drink startup a route to nationwide distribution. East Windsor-based Thermo Systems also acquired long-time partner PKM Panel Systems, expanding its manufacturing capacity. Energy & AI: Google’s $4.3 billion agreement with Constellation will fund nuclear upgrades, including at New Jersey plants, adding 890 megawatts across the regional grid. Separately, IBM Cloud ordered $15.5 million in AI infrastructure work to be delivered in New Jersey. Consumer & Workforce: Coca-Cola plans an end-of-October pilot of prebiotic sodas in New Jersey and nearby states. Felician University received a $3 million federal grant for workforce programs and AI education, while True Food Kitchen’s Chapter 11 filing has closed its Hackensack and Edison restaurants. Development Pressure: The Princeton Nurseries data center faces growing opposition over plans for 20 diesel generators, and the air-permit comment period now runs through Nov. 9.
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