07:42 AM EDT, 07/15/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) and Brookfield Renewable (BEP.UN, BEPC.TO) said Tuesday that they signed a framework agreement with Google to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the US.

The agreement is the world's largest corporate clean power deal for hydroelectricity, according to the news release.

Under the terms, Google can procure carbon-free electricity from up to 3,000 MW of hydroelectric assets that will be relicensed, overhauled, or upgraded to extend the asset's useful life and continue adding power to the grid.

"Our partnership with Google demonstrates the critical role that hydropower can play in helping hyperscale customers meet their energy goals," said Connor Teskey, president of Brookfield Asset Management ( BAM ).

The first contracts executed under the agreement are for Brookfield's Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, which represent over $3 billion of power and 670 MW of capacity.

Brookfield and Google will initially focus in the mid-Atlantic and mid-continent electricity markets, with the flexibility to expand into other U.S. regions.

"Delivering power at scale and from a range of sources will be required to meet the growing electricity demands from digitalization and artificial intelligence," Teskey added.

The agreement supports Google's ambition to power its operations with 24/7 carbon-free energy.

"Hydropower is a proven, low-cost technology, offering dependable, homegrown, carbon-free electricity that creates jobs and builds a stronger grid for all," said Amanda Peterson Corio, Google's head of data center energy.