Google bought up to half a nuclear plant's output until 2049.
Google has signed a 22-year power purchase agreement with Fortum for up to 50% of the output of the Loviisa nuclear plant in Finland, The Register reported.
The Loviisa plant produces about 10% of Finland's electricity.
The supply starts at a lower level in 2028 and reaches 50% from 2030 to 2049, according to the report.
The agreement sits alongside a 13 billion euro investment over two years. The existing Hamina campus will expand, with data centres added near Kajaani, Muhos and Vaala. Google declined to say how many facilities or how much capacity, The Register said.
Ruth Porat, president and chief investment officer of Alphabet and Google, said: "This investment underscores Google's commitment to grow our presence responsibly, pairing the expansion of our technical infrastructure with new energy capacity, grid enhancements, and energy affordability initiatives."
The term matters more than the euros. Loviisa has two reactors, and a 22-year claim on up to half of what they make is a bet that the demand behind it lasts until 2049.
Does your cloud contract commit you past 2030, and what did you sign it against?
Sources
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