financetom
Business
financetom
/
Business
/
Google Reportedly Investing Additional $1.1 Billion in Finland Data Center
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Google Reportedly Investing Additional $1.1 Billion in Finland Data Center
May 20, 2024 5:29 AM

08:00 AM EDT, 05/20/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) is considering further investment of 1 billion euros ($1.09 billion) for its main data center in Hamina, Finland, two media outlets reported Monday, citing the company.

The investment will increase staffing by a quarter to 500 employees in 2024 and 2025, Bloomberg reported, citing a Google ( GOOG ) spokesperson.

The company will also test a technology, named as district heating, with the local utility to provide excess heat into the network of pipes for warming up homes in the area, Bloomberg added, citing Ben Townsend, Google's ( GOOG ) global head of infrastructure strategy and sustainability.

"It may start to steer new site selection opportunities to locations where waste heat recovery and district heating is more readily implementable," Bloomberg quoted Townsend as saying in an interview.

Google ( GOOG ) did not immediately respond to MT Newswires' request for comment.

Price: 178.11, Change: +0.82, Percent Change: +0.46

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Guardian Capital to be taken private by Desjardins Global in C$1.7 billion deal
Guardian Capital to be taken private by Desjardins Global in C$1.7 billion deal
Aug 28, 2025
Aug 28 (Reuters) - Guardian Capital Group ( GRCGF ) has agreed to be taken private by Desjardins Global Asset Management in a C$1.67 billion deal, the financial services firm said on Thursday. ...
Aviat Networks CFO Michael Connaway to Step Down
Aviat Networks CFO Michael Connaway to Step Down
Aug 28, 2025
06:51 AM EDT, 08/28/2025 (MT Newswires) -- Aviat Networks ( AVNW ) said Thursday that Chief Financial Officer Michael Connaway will resign after the company files its Form 10-K for fiscal year 2025 to pursue an opportunity outside the industry. The company said Andrew Fredrickson, currently vice president of corporate finance, will serve as interim CFO following Connaway's departure. Aviat...
Dollar General lifts annual sales, profit targets
Dollar General lifts annual sales, profit targets
Aug 28, 2025
Aug 28 (Reuters) - Dollar General ( DG ) raised its annual sales and profit forecast on Thursday, betting on resilient demand from value-seeking consumers across income categories in the United States amid tariff fears and inflation. The company now expects 2025 net sales growth of 4.3% to 4.8%, compared with its prior forecast of between 3.7% and 4.7% growth....
Nvidia to Continue Leading 'AI Revolution' Amid Growing Global AI Investments, Wedbush Says
Nvidia to Continue Leading 'AI Revolution' Amid Growing Global AI Investments, Wedbush Says
Aug 28, 2025
06:52 AM EDT, 08/28/2025 (MT Newswires) -- Nvidia ( NVDA ) CEO Jensen Huang suggesting H20 chip sales could potentially add up to $5 billion if the regulatory environment subsides and China's potential as a $50 billion total addressable market growing at 50% annually point to the massive eye-popping opportunity with a new pay-for-play model reopening the Chinese market for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved