Google will buy half the electricity from one of Finland's nuclear power plants

You can now secure long-term electricity pricing for AI infrastructure by contracting directly with nuclear power generators.

Google has announced a record €13 billion investment in Finland to bolster its AI infrastructure, which includes building three new data centers and expanding an existing one. As part of this investment, Google has signed a 22-year contract with Finnish utility Fortum to purchase up to 50% of the electricity generated by the Loviisa nuclear power plant. This agreement will provide long-term financial certainty for the plant, supporting its life extension and capacity increase efforts. The investment is expected to create over 37,000 jobs and contribute €3.6 billion annually to Finland's GDP, with construction planned for 2027 and 2028. Google's move highlights Finland's appeal for data centers due to its cool climate, low-carbon energy, and robust digital infrastructure, amidst a global race by tech companies to secure power for AI-driven demand.

This significant investment signals a new era of direct, long-term partnerships between major tech companies and nuclear power operators to meet the escalating energy demands of AI. Google's substantial commitment to Finland's AI infrastructure, coupled with its nuclear power pact, positions the country as a leader in responsible AI development and energy sourcing. The deal underscores the growing recognition that stable, carbon-free baseload power is critical for scaling AI, and that securing this power requires strategic, multi-year agreements with energy providers.

The move by Google, following TikTok's similar investment, indicates a broader trend of tech giants prioritizing nations with advanced digital infrastructure, clean energy options, and favorable regulatory environments. This proactive approach to energy procurement by tech companies could reshape energy markets, potentially driving further investment in nuclear and renewable energy capacity. It also suggests that the AI boom is not just about computing power, but also about the foundational energy resources needed to sustain it, making energy security a key strategic imperative for AI leaders.