Ruth Porat, president and chief investment officer of Alphabet & Google, will speak at the next Reuters meeting in New York City, USA on December 10, 2024.
Mike Seger | Reuters
alphabetAccording to Technology Company, Google plans to invest $25 billion in data centers and artificial intelligence infrastructure in the largest electric grid in the US over the next two years.
Google will also spend $3 billion on modernizing two hydroelectric power plants in Pennsylvania, helping to meet the growing electricity demand from local data centers and AI.
The Pennsylvania plant renovation is part of a broader A-framework agreement, signed by Google with Brookfield's Asset Management to purchase 3,000 megawatts of hydroelectric power across the US.
Google's investment in this region is due to the PJM interconnection struggling to meet the growing demand for electricity from data centers and industries. PJM is the largest electric grid in the country, covering 13 states, including the Midwest and Southern and some parts of the South. It includes the world's largest data center market in northern Virginia.
President Donald Trump, White House Cabinet officials, and tech and energy executives discussed AI investments in Pennsylvania at Carnegie Mellon University in Pittsburgh on Tuesday.
