# Who are Xcel Energy's customers? Who does Xcel Energy earn revenue from?
Canonical: https://valuechain.wiki/xcel-energy · Facet: customers · Updated: 2026-09-11T23:08:54.180886+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Xcel Energy's confirmed revenue counterparties include Alphabet (Google), Meta Platforms. Per the valuechain.wiki graph: 2 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-09-11).

### 알파벳 (구글) (high)  → /alphabet.md
- note: Xcel Energy's Minnesota utility signed an agreement to supply power to Google's Pine Island data center. Google will cover its electric service and new grid infrastructure costs, but the total contract value was not disclosed.
- [confirms] KETEP Global Energy Market Information (KO, analysis, published 2026-02-26) https://energy.ketep.re.kr/globalenergy/site/main/board/energy_news/30038: "Google is working with Xcel Energy to deploy an iron-air battery system for its Pine Island, Minnesota data center."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/72903/000007290326000009/xel-20251231.htm: "In the first quarter of 2026, NSP-Minnesota entered into an electric service agreement to power a new Google data center in Minnesota."
- [confirms] Xcel Energy Newsroom (EN, ir, published 2026-02-24) https://newsroom.xcelenergy.com/news/xcel-energy-to-power-new-google-data-center-in-minnesota: "Xcel Energy recently signed an agreement to supply power for the Google data center."
- [confirms] Google Blog (EN, ir, published 2026-02-24) https://blog.google/innovation-and-ai/infrastructure-and-cloud/global-network/data-center-pine-island/: "With Xcel Energy supplying energy for the new data center, Google will pay all costs associated with our electric service."

### 메타 플랫폼스 (mid)  → /meta.md
- note: Xcel Energy supplies power to Meta's data center in Rosemount, Minnesota. Meta pays for transmission and other extensions needed to serve the site, but the total power contract value was not disclosed.
- [confirms] Xcel Energy Stories (EN, ir, published 2024-03-15) https://stories.xcelenergy.com/stories/Building-the-21st-century-economy--Xcel-Energy-to-power-new-Meta-data-center: "These upgrades and extensions to serve the data center are paid for by Meta."

Reverse side: https://valuechain.wiki/xcel-energy/suppliers.md · Ripple: https://valuechain.wiki/xcel-energy/ripple.md

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Full node: https://valuechain.wiki/xcel-energy.md · JSON: https://valuechain.wiki/xcel-energy.json