Google to invest at least €13 billion in Finnish AI data centers and nuclear power
Reuters reported on September 9, 2026 that Alphabet’s Google will spend at least €13 billion (about $15.1 billion) on AI infrastructure in Finland during 2027‑2028. The plan covers three new data‑center sites and related infrastructure, leveraging the country’s cold climate to cut cooling energy needs while supporting grid upgrades, clean‑energy projects and battery storage.
Key points
- Google will invest at least €13 billion ($15.1 billion) in three new Finnish data centers and related infrastructure during 2027‑2028.
- Google signed a 22‑year deal with Fortum to purchase up to 50 % of electricity from Finland’s Loviisa nuclear plant.
- Fortum’s shares rose up to 15.5 % on the announcement, its biggest European gain that day.
Google also signed a 22‑year agreement with Finnish utility Fortum to buy up to 50 % of the electricity generated by the Loviisa nuclear plant, marking the company’s first nuclear‑energy deal outside the United States. Fortum’s shares jumped as much as 15.5 % on the announcement, its biggest European gain that day. The long‑term power supply is intended to fuel Google’s services such as Gemini, Search, Maps and YouTube. Competitors Microsoft and ByteDance are also eyeing Nordic sites, and opposition parties warn the project could strain Finland’s electricity supply, though the prime minister says capacity is sufficient.
The story so far
3 episodes →- Google to invest at least €13 billion in Finnish AI data centers and nuclear powerthis story
Alphabet (GOOGL)’s Google Bets on Finland’s Cold Weather and Nuclear Power for its Next AI Buildout
finance.yahoo.com · 20 September 2026
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This text was published by finance.yahoo.com and written by Fatima Gulzar. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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2sources- EXCLUSIVE: Google Is Racing to Secure Nuclear Power for AI—The Fuel Problem Comes NextPress · finance.yahoo.com ·
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