Google Bets €13 Billion on Finland to Power AI Boom With Nuclear Energy

AI Summary

Google plans to invest €13 billion in AI infrastructure in Finland over 2027-2028, including a 22-year power purchase agreement with Fortum to use nuclear energy from the Loviisa plant. This deal includes a life-extension program maintaining the plant’s operation until 2050.

Google will invest at least €13 billion ($15.1 billion) in Finnish AI infrastructure over 2027 and 2028 and has signed a 22-year power purchase agreement with Fortum for up to 50% of the output from the Loviisa nuclear plant, Google's first nuclear power contract outside the United States, the companies said Wednesday. The Fortum agreement funds a life-extension and upgrade program that keeps Loviisa running through 2050. Without it, the plant, which supplies about 10% of Finland's electricity and employs nearly 600 people, would have had…