Google Strikes Record‑Setting $3 Billion Hydropower Deal With Brookfield

Google has signed a 20‑year, $3 billion framework with Brookfield Asset Management that will supply up to three gigawatts of hydropower—enough electricity to light roughly two million homes—marking the biggest clean‑energy purchase of its kind by any company. Two Pennsylvania hydro facilities will anchor the deal, undergoing upgrades and relicensing to support Google’s expanding fleet of data centers and its 24/7 carbon‑free energy target.

The agreement gives Google a major foothold in the mid‑Atlantic’s PJM grid, where surging AI and cloud‑computing workloads are straining capacity and driving demand for round‑the‑clock renewable power. Unlike wind and solar, hydropower can ramp predictably, making it a prized asset as the company seeks to run every regional operation on carbon‑free energy by 2030. Brookfield, meanwhile, gains a long‑term customer and a showcase for reviving legacy hydro assets through modern financing structures.

Google executives said the partnership could expand into the Midwest and beyond, while separate reports indicate the tech giant will pour an additional $25 billion into data‑center builds in Pennsylvania and neighboring states over the next two years. The announcement comes days before a Pittsburgh AI summit where President Donald Trump is expected to tout $70 billion in sector investments, underscoring Big Tech’s scramble to lock in clean power as artificial intelligence pushes U.S. electricity demand to new highs.