Google and Brookfield have partnered in a $3 billion deal to secure hydro power. This investment aims to support the increasing energy demands of artificial intelligence and data centres. Brookfield Renewable is a multi-technology owner and operator of clean energy assets with hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, with over 40 gigawatts of installed capacity.
The deal highlights the growing trend of tech companies directly investing in renewable energy sources to power their operations. This move allows Google to tap into a stable and sustainable energy supply, mitigating the environmental impact of its energy-intensive AI and data centre operations. The partnership also provides Brookfield with substantial capital to further expand its renewable energy infrastructure.
The investment signifies a long-term commitment to clean energy and underscores the critical role of renewable resources in supporting the expanding digital economy. As AI technologies continue to advance, the demand for clean, reliable power will likely drive further investments in renewable energy projects.
