Google Invests €13B in Finland AI, Signs First International Nuclear Deal with Fortum

Key Facts

1Google plans to invest at least €13 billion in Finnish AI infrastructure over 2027 and 2028.

2Google signed a 22-year power purchase agreement with Fortum for up to 50% of the output from the Loviisa nuclear plant.

3This agreement marks Google's first nuclear power contract outside the U.S. and supports extending the plant's life until 2050.

In a strategic move to secure carbon-free baseload power for its expanding AI operations, Google has announced plans to invest at least €13 billion in Finnish infrastructure across 2027 and 2028. The tech giant signed a 22-year power purchase agreement with Fortum, securing up to 50% of the output from the Loviisa nuclear plant. This landmark deal marks Google's first nuclear energy contract outside the United States and provides the necessary support to extend the plant's operational life through 2050.

This investment places Google in direct competition for energy resources with other tech leaders. Per market data, Microsoft (MSFT) closed at $493.95 and Meta at $613.48 on September 8, 2026. According to analyst reports, Google's commitment is expected to significantly bolster Finland's AI capabilities and GDP, while providing Fortum with long-term revenue certainty to fund critical upgrades to its nuclear infrastructure.

Monitoring current price levels, Google (GOOGL) stood at $338.36 at the close of September 8, 2026, within a daily range of $333.22 to $339.68. Investors will be watching for further details on capital expenditure impacts in upcoming quarterly briefings, as the economic calendar shows no immediate high-impact catalysts for the technology sector following the recent release of inflation and employment data.