Google Secures Half of Finland's Nuclear Power... Announces €13 Billion AI Infrastructure Investment

Google is making its largest single investment in Europe by injecting €13 billion (approximately $15 billion) into Finland. This investment is part of infrastructure expansion to meet the surging demand for AI services.

Investment Scale and Details

• Data Center Construction: Build three new data centers in Kajaani, Muhos, and Vaala, and expand the existing facility in Hamina.
• Nuclear Power Contract: Sign a 22-year long-term contract with Finnish power company Fortum to purchase up to 50% of the power from the Loviisa nuclear power plant.
• Economic Impact: It is expected to create over 37,000 jobs during the construction period and increase Finland's GDP by €3.6 billion annually.

AI Infrastructure Strategy

This investment supports the operation of Google's key AI and digital services, including Gemini, Search, Maps, and YouTube. Google's parent company Alphabet has raised its total spending plan for expanding global AI computing capacity this year to up to $205 billion, and Finland is gaining attention as a data center location due to its low temperatures and abundant low-carbon power.