Google to Invest $15 Billion in AI Infrastructure and Secure Nuclear Power in Finland

Google has announced plans to invest at least €13 billion ($15.1 billion) in artificial intelligence infrastructure in Finland over the next two years, marking the company’s largest AI investment deal in Europe so far.

As part of the agreement, Google has signed a 22-year power purchase deal with Finnish utility company Fortum for up to 50% of the electricity generated by one of Finland’s two nuclear power plants.

The agreement represents Google’s first nuclear energy deal outside the United States and is intended to provide a reliable supply of low-carbon electricity for its growing data-centre operations.

Google said the investment, which will take place in 2027 and 2028, will include the construction and expansion of data centres, improvements to Finland’s electricity grid, and investments in clean energy and battery projects.

The company estimates that the investment could contribute about $3.6 billion to Finland’s GDP during the construction phase and support around 7,000 jobs annually once the facilities become operational.

Finland’s abundant low-emission electricity and cold climate have made the country increasingly attractive to major technology companies seeking locations for energy-intensive data centres. The colder environment can also help reduce the energy required to cool data-centre equipment.

Fortum said its long-term agreement with Google would provide greater economic certainty for the planned lifetime extension and upgrade of the Loviisa nuclear power plant, which is located near Google’s Hamina data centre and is expected to operate through 2050.

Google and Fortum also plan to explore opportunities to develop additional nuclear and renewable energy projects in Finland.

Google Chief Investment Officer Ruth Porat described the nuclear agreement as an important foundation for the company’s operations in Finland, while Finnish Prime Minister Petteri Orpo said the investment demonstrated the country’s growing strength in the digital economy.

The move comes as Google and other major technology companies accelerate investment in AI infrastructure worldwide to meet rapidly increasing demand for computing power.