Google Invests $3 Billion in AI Power Deal with Brookfield
ByAinvest
Tuesday, Jul 15, 2025 6:47 am ET1min read
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The deal, which includes the Holtwood and Safe Harbor hydroelectric plants, will provide Google with a reliable and dispatchable source of power. Hydropower is attractive to Google because it can be controlled to back up intermittent wind and solar energy, providing round-the-clock power unlike renewables. This agreement is the first in a framework that could see Google procure up to 3,000 megawatts of hydropower from Brookfield over the next two decades [2].
Brookfield, a leading global alternative asset manager, will benefit from the deal by supporting its relicensing efforts to extend the operations of its Pennsylvania hydroelectric plants. The developer will also consider expanding its hydropower portfolio through upgrades or acquisitions depending on Google's needs. The 20-year Power Purchase Agreements (PPAs) will support Google's operations across the PJM region [2].
Google aims to match its energy consumption with clean resources on an hourly basis, and this deal is a significant step forward in achieving that goal. The company is dedicated to responsibly growing its digital infrastructure and ensuring clean energy supply in regions where it operates [2].
References:
[1] https://www.bloomberg.com/news/articles/2025-07-15/google-to-spend-3-billion-in-ai-hydropower-deal-with-brookfield
[2] https://www.globenewswire.com/news-release/2025/07/15/3115427/0/en/Brookfield-and-Google-Sign-Hydro-Framework-Agreement-to-Deliver-up-to-3-000-MW-of-Homegrown-Energy-in-the-United-States.html
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Google has agreed to spend over $3 billion on a 20-year power deal with Brookfield Asset Management for its data centers. The deal will provide 670 megawatts of generating capacity from two Pennsylvania hydroelectric plants and supports Google's carbon-free power goal. The agreement is part of the Trump administration's $70 billion AI and energy investments announcement.
Google has agreed to spend over $3 billion in a 20-year power deal with Brookfield Asset Management to supply its data centers with 670 megawatts of generating capacity from two Pennsylvania hydroelectric plants. The agreement, part of the Trump administration's $70 billion AI and energy investments announcement, supports Google's carbon-free power goal [1].The deal, which includes the Holtwood and Safe Harbor hydroelectric plants, will provide Google with a reliable and dispatchable source of power. Hydropower is attractive to Google because it can be controlled to back up intermittent wind and solar energy, providing round-the-clock power unlike renewables. This agreement is the first in a framework that could see Google procure up to 3,000 megawatts of hydropower from Brookfield over the next two decades [2].
Brookfield, a leading global alternative asset manager, will benefit from the deal by supporting its relicensing efforts to extend the operations of its Pennsylvania hydroelectric plants. The developer will also consider expanding its hydropower portfolio through upgrades or acquisitions depending on Google's needs. The 20-year Power Purchase Agreements (PPAs) will support Google's operations across the PJM region [2].
Google aims to match its energy consumption with clean resources on an hourly basis, and this deal is a significant step forward in achieving that goal. The company is dedicated to responsibly growing its digital infrastructure and ensuring clean energy supply in regions where it operates [2].
References:
[1] https://www.bloomberg.com/news/articles/2025-07-15/google-to-spend-3-billion-in-ai-hydropower-deal-with-brookfield
[2] https://www.globenewswire.com/news-release/2025/07/15/3115427/0/en/Brookfield-and-Google-Sign-Hydro-Framework-Agreement-to-Deliver-up-to-3-000-MW-of-Homegrown-Energy-in-the-United-States.html
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