06:35 AM EDT, 10/03/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) announced plans to invest $4 billion through 2027 to develop a new data center in West Memphis, Arkansas.

Google's ( GOOG ) investment will focus on building cloud and artificial intelligence infrastructure in the state, it said in a late Thursday blog post. The company also announced a $25 million energy impact fund to help scale and accelerate energy affordability initiatives in Crittenden County.

Alphabet's class A and C shares were slightly in the green in Friday's most recent premarket activity.

In a separate statement, Entergy Arkansas, a subsidiary of Entergy ( ETR ) , said it will power Google's ( GOOG ) new facility with its existing power portfolio and transmission grid, with Google ( GOOG ) covering the full energy costs to power the facility. The facility is expected to contribute more than $1.1 billion in net benefits over the tenure of the contract and help reduce electricity rates for Entergy's ( ETR ) customers, according to the utility company.

"We're proud to be partnering with Google ( GOOG ) to bring unprecedented economic opportunity to Arkansas," Entergy Arkansas Chief Executive Laura Landreaux said in the statement. "Entergy Arkansas is committed to powering growth and building a stronger, more vibrant future for the next generation and has found a partner in Google ( GOOG ) who shares this same vision."

Entergy ( ETR ) will also be supported by a new 600 megawatt solar project in collaboration with Google ( GOOG ), according to the companies. The project will be backed by a 350-megawatt battery storage system that will be located in Jefferson County, Entergy ( ETR ) said.