Google has finalized a landmark agreement valued at over $3 billion with Brookfield Asset Management to procure power for its expansive data centers from Brookfield’s hydroelectric plants.
This groundbreaking deal is heralded as the world’s largest corporate clean power transaction focused on hydroelectricity.
Google and agreement is also part of a broader initiative, aligning with a recent announcement by the Trump administration detailing $70 billion in new investments aimed at advancing AI and energy sectors. Initially, the power supply will originate from Brookfield’s Holtwood and Safe Harbor hydroelectric plants, providing a robust 670 megawatts for a duration of 20 years.
The partnership holds significant potential for expansion, with the capacity to quadruple the supply up to 3,000 megawatts from grids spanning the upper Midwest, Gulf Coast, and mid-Atlantic states.
This strategic move is integral to Google’s ambitious goal of achieving carbon-free power by matching its energy consumption with clean resources on an hourly basis. Hydropower is a particularly attractive choice due to its ability to provide round-the-clock power and its flexibility in backing up intermittent energy sources like wind and solar.
To meet Google’s future energy demands, Brookfield may also explore expanding its hydropower portfolio through strategic upgrades or acquisitions.
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