Google Secures 3 Gigawatts of U.S. Hydroelectric Power from Brookfield
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Google has entered into a landmark 20-year agreement to purchase up to three gigawatts of hydroelectricity from Brookfield Asset Management. This critically important deal, valued at three billion dollars, involves electricity from two hydroelectric power plants located in Pennsylvania.
The agreement underscores the growing demand for clean energy within the technology sector. Companies like Google require vast amounts of power to operate their data centers, which are crucial for advancements in artificial intelligence and cloud computing.
This trend has contributed to record-breaking increases in American energy consumption in recent years. Ruth Porat, President and Head of Investments at Alphabet, Google’s parent company, is expected to discuss this initiative at an upcoming summit in Pittsburgh.
The summit is also anticipated to host the President of the United States, Donald Trump, with plans for investment announcements totaling $70 billion in artificial intelligence and energy. Amanda Peterson Corio,Google’s energy manager for data centers,stated that this collaboration with brookfield represents a major step in securing their energy supply in the PJM region.
Evergreen Insights
The increasing reliance on data centers for artificial intelligence and cloud services necessitates a robust and sustainable energy infrastructure. Hydroelectricity, as a renewable and consistent power source, plays a vital role in meeting these demands.
Brookfield Asset Management, through its subsidiary Brookfield Renewable partners, is a significant player in the global renewable energy market. Their expertise in developing and operating renewable energy installations makes them a key partner for corporations seeking to decarbonize their operations.
Frequently Asked Questions
What is the significance of Google’s hydroelectricity agreement with Brookfield?
Google has agreed to purchase up to three gigawatts of hydroelectricity from Brookfield Asset Management, a deal unprecedented in its scale for
