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| Google to invest $15 billion in AI infrastructure and buy nuclear power in Finland |
| 2026-09-09 |
| HELSINKI, Sept 9 (Reuters) - Alphabet's (GOOGL.O) Google will invest at least €13 billion ($15.1 billion) in artificial intelligence infrastructure in Finland over the next two years and has signed its first nuclear power contract outside the U.S., it said on Wednesday. The Finnish deal includes a 22-year purchase agreement for up to 50% of the energy output of one of Finland's two nuclear plants, its operator Fortum (FORTUM.HE) said separately. Nuclear power, as a source of large amounts of low-carbon energy, is one of the attractions Finland offers as companies including Microsoft (MSFT.O) and TikTok owner ByteDance as well as Google seek sites for data centres while containing energy costs and meeting climate goals. "This is Google's first nuclear energy deal outside of the United States, and we think it's a really important cornerstone to everything that we are doing here," the U.S. company's Chief Investment Officer Ruth Porat told reporters in Helsinki. Fortum and Google will also explore the development of new nuclear and renewable energy in Finland, the companies said. |
| Posted by:Skidmark |
| #2 |
| Posted by: Skidmark 2026-09-09 08:06 |
| #1 |
| Posted by: Skidmark 2026-09-09 07:52 |