Google to Spend $3 Billion for Hydropower from Brookfield (1)

Google agreed to spend more than $3 billion to buy power for its data centers from Brookfield Asset Management hydroelectric plants, with plans to potentially quadruple the amount of supply.

The power will come from the Holtwood and Safe Harbor plants, about 75 miles (121 km) southwest of Philadelphia, with 670 megawatts of generating capacity for 20 years, according to a statement.

Hyperscalers — the biggest data center developers that in addition to Google include Amazon.com Inc., Microsoft Corp. and Meta Platforms Inc. — have voracious appetites for electricity, and finding power supplies currently is one of the most ...