Google’s $3 Billion Hydropower Deal Secures Clean Energy for US Data Centers
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📰 The quick summary: Google secured 3GW of US hydropower in a $3 billion deal with Brookfield Asset Management, providing clean energy for data centers across eastern states while supporting growth in artificial intelligence and cloud computing.
📈 One key stat: The $3 billion investment will secure 3 gigawatts of hydropower, marking the world’s largest corporate clean power pact for hydroelectricity to fuel the rapidly growing energy demands of AI technology.
💬 One key quote: “This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate,” Amanda Peterson Corio, Google’s head of data center energy, said in a statement.
1️⃣ The big picture: Google has signed a groundbreaking $3 billion agreement with Brookfield Asset Management to secure 3 gigawatts of hydroelectric power in the US. This represents the world’s largest corporate clean energy pact specifically for hydropower. The initial 20-year power purchase agreements include electricity from two Pennsylvania hydropower facilities that will be upgraded and relicensed as part of the arrangement. The deal comes as tech companies frantically search for massive amounts of clean electricity to power energy-intensive data centers required for artificial intelligence and cloud computing operations.
2️⃣ Why is this good news: This massive investment in hydropower strengthens America’s clean energy infrastructure while supporting the tech sector’s growth. The agreement helps revitalize existing hydropower facilities through upgrades rather than building entirely new infrastructure. Clean electricity generated through this deal will reduce carbon emissions compared to fossil fuel alternatives. Google’s commitment demonstrates how large corporations can take meaningful action to secure renewable energy sources at scale. The partnership between tech and renewable energy sectors creates a model for other companies to follow in addressing their energy needs sustainably.
3️⃣ What’s next: Brookfield will upgrade and relicense the two Pennsylvania hydropower facilities included in the initial agreement. Google plans to expand the deal beyond these sites to other parts of the mid-Atlantic and midwest regions. The tech giant will also invest $25 billion in data centers across Pennsylvania and neighboring states over the next two years.
Read the full story here: The Guardian – Google inks $3bn US hydropower deal in largest clean energy agreement of its kind
