06:59 AM EDT, 07/15/2025 (MT Newswires) -- Google ( GOOG ) has signed a framework agreement with Brookfield Asset Management ( BAM ) and Brookfield Renewable (BEP) to buy up to 3,000 megawatts (MW) of hydroelectric capacity across the United States, with the first contracts valued at over $3 billion, Brookfield said Tuesday.

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

Under the agreement, Google ( GOOG ) can procure electricity from up to 3,000 MW of hydroelectric assets that will be relicensed, overhauled, or upgraded to extend the assets' useful life and continue adding power to the grid.

The first contracted assets consist of hydroelectric facilities in Pennsylvania that Brookfield is relicensing. Brookfield and Google ( GOOG ) will initially focus on the mid-Atlantic and mid-continent electricity markets, with the flexibility to expand into other US regions, Brookfield said.