NEW YORK, July 15 (Reuters) - Google has agreed to
secure as much as 3 gigawatts of U.S. hydropower in the world's
largest corporate clean power pact for hydroelectricity, the
company said on Tuesday, as Big Tech pursues the expansion of
energy-hungry data centers.
The deal between Google and Brookfield Asset Management ( BAM )
includes initial 20-year power purchase agreements,
totaling $3 billion, for electricity generated from two
hydropower facilities in Pennsylvania.
The technology industry is intensifying the hunt for massive
amounts of clean electricity to power data centers needed for
artificial intelligence and cloud computing, which has driven
U.S. power consumption to record highs after nearly two decades
of stagnation.
Ruth Porat, president and chief investment officer at Google
parent company Alphabet, is expected to discuss the news at an
AI summit in Pittsburgh. U.S. President Donald Trump is
scheduled to attend the event, where $70 billion in AI and
energy investments are expected to be announced.
"This collaboration with Brookfield is a significant step
forward, ensuring clean energy supply in the PJM region where we
operate," Amanda Peterson Corio, Google's head of data center
energy, said in a statement.
Over roughly the last year, Google has struck several
first-of-a-kind power purchase agreements, including for
carbon-free geothermal energy and advanced nuclear. The company
is also working with the country's largest electricity grid
operator, PJM Interconnection, to use AI to speed up the process
of hooking up new power supplies to the grid.
In the latest deal, Google said it has signed an initial
framework agreement with Brookfield, owner of Brookfield
Renewable Partners ( BEP ), which develops and operates
renewable energy plants.
Its two hydropower sites in Pennsylvania will be upgraded
and relicensed as part of the arrangement, the companies said.
Google said it plans to expand the deal eventually beyond
those sites to other parts of the Mid-Atlantic and Midwest.