Alphabet’s Google will invest at least €13 billion ($15.1 billion) to expand its Finnish AI infrastructure. This commitment represents the company's largest single investment in Europe.
The project funds new data centers scheduled for construction in 2027 and 2028. These facilities aim to satisfy increasing global demand for artificial intelligence services.
Google signed a 22-year nuclear power purchase agreement with Finnish utility Fortum. This marks the company’s first nuclear energy contract outside the United States.
Fortum shares rose more than 8% following the announcement. Alphabet shares traded lower during the pre-market session amid a broader market risk-off tone.