Google to Spend $3 Billion in AI Hydropower Deal with Brookfield
Deal News | Jul 15, 2025 | Brookfield Asset Management
Google has entered into a significant energy procurement deal with Brookfield Asset Management, committing to a $3 billion expenditure for hydroelectric power. This deal will supply power to Google's data centers from Brookfield's Holtwood and Safe Harbor hydroelectric plants located approximately 75 miles southwest of Philadelphia. The agreement constitutes a 20-year plan with an initial generating capacity of 670 megawatts. Google intends to potentially quadruple the supply as part of its long-term sustainable energy strategy.
Sectors
- Renewable Energy
- Technology
Geography
- United States – The hydroelectric plants providing power are located in Pennsylvania, USA, and Google's data centers are likely situated within the country.
Industry
- Renewable Energy – The deal involves the procurement of hydroelectric power, a form of renewable energy, to be used by Google for its data centers.
- Technology – Google, a major technology company, is the target company utilizing the energy for its operations.
Financials
- $3 billion – The amount Google has agreed to spend on hydroelectric power from Brookfield Asset Management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Buyer | Company | A leading global technology company purchasing hydroelectric power for its data centers. | |
| Brookfield Asset Management | Seller | Company | An asset management firm providing hydroelectric power through its plants. |