Google will invest $25 billion in data centers across the nation’s largest electric grid over the next two years to help power its big bet on artificial intelligence, the company said Tuesday.
The tech giant’s president and chief investment officer, Ruth Porat, was expected to join President Trump at an AI summit in Pennsylvania to announce the investment.
“We support President Trump’s clear and urgent direction that our nation invest in AI infrastructure, technology, and the energy to unlock its benefits so that America can continue to lead in AI,” Porat said in a statement.
The company will also spend $3 billion to revamp two hydroelectric plants in Pennsylvania with more than 670 megawatts of capacity as the industry races to keep up with growing power demand.
The funding for those two facilities is part of a 20-year agreement Google signed with Brookfield Asset Management to purchase 3,000 megawatts of hydroelectric power across the US.
Google will initially focus in the mid-Atlantic area and mid-continent markets, according to a Brookfield press release on Tuesday.
“This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate,” Amanda Peterson, head of data center energy at Google, said in a statement.
“Hydropower is a proven, low-cost technology, offering dependable, homegrown, carbon-free electricity that creates jobs and builds a stronger grid for all.”
The PJM Interconnection – the largest electric grid in the nation – has been struggling to keep up with a spike in demand from power-hungry data centers.
The grid covers 13 states across the mid-Atlantic, Midwest and South, including the world’s largest data center market in northern Virginia.
Trump is expected to announce $70 billion in AI and energy investments at the summit on Tuesday, according to Bloomberg.
Other leaders in the tech industry have also been ramping up their AI investments.
Mark Zuckerberg said Monday that Meta, which owns Facebook, Instagram and WhatsApp, will spend hundreds of billions of dollars to build several AI data centers – after the company poached top AI talent with some contract offers reportedlty in the tens of millions.
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