Google Commits $15B to AI Infrastructure, Nuclear Power Deal with Fortum

Google has announced it will invest over $15 billion in digital infrastructure to support its data center developments in Finland and Europe. This investment represents the company's largest single investment in Europe, according to Alphabet President Ruth Porta.

The funding includes a 22-year power purchase agreement with Finnish state-owned energy company Fortum, which will help keep a nuclear power plant online and allow Google to purchase up to half of its operating capacity from 2030-49. This deal marks Google's first nuclear PPA in Europe and its first partnership to enable nuclear life extension and uprates globally.

In addition to the nuclear PPA, Google has also signed onshore wind PPAs with France-based energy producer Valorem and contracted a 94-megawatt battery system that will connect to Finland's grid near one of its data centers in late 2027. The company aims to power all of its operations and data centers on 24/7 carbon-free energy by 2030.

Google plans to invest around $36 million over four years into community initiatives, including research and innovation programs, AI education, and workforce development. The company also announced it will train 4,400 workers in AI skills through its AI Opportunity Fund and up to 100 students for data center careers.