Brookfield and Google Launch World’s Largest Hydropower Agreement

By Charles Kennedy - Jul 15, 2025

Google has struck a landmark deal to buy more than $3 billion worth of hydroelectric power from Brookfield Asset Management to supply its data centers, with the potential to scale up the agreement to 3,000 megawatts — making it the largest corporate hydropower deal ever signed.

Under the 20-year contract, Google will source 670 megawatts of electricity from Brookfield’s Holtwood and Safe Harbor plants in Pennsylvania, located roughly 75 miles southwest of Philadelphia. These hydro plants will support Google’s data centers and help advance its commitment to operate entirely on carbon-free energy, matching consumption with clean power every hour.

This deal is the first in a broader framework between the two companies, focused on securing hydroelectric power across two major U.S. grids — from the Upper Midwest to the Gulf Coast and mid-Atlantic. Hydropower, while renewable, also offers dispatchable generation, giving Google a stable alternative to back up variable sources like wind and solar.

The agreement is being announced as part of the Trump administration’s unveiling of $70 billion in AI and energy investments. While the White House promotes U.S. leadership in artificial intelligence, its policy moves — including tariffs and the removal of clean energy tax incentives — have created uncertainties for renewables investment.

The surge in AI computing has driven massive demand for electricity, with hyperscalers such as Google, Amazon, Microsoft, and Meta scrambling to secure power. This demand has sparked renewed interest in nuclear power and triggered a wave of natural gas and turbine development.

Brookfield said the long-term contracts with Google would help support relicensing efforts for its hydro facilities, and that further expansions or acquisitions could follow, depending on Google's future needs.

This isn’t Brookfield’s first major clean energy partnership. Last year, it signed a separate deal with Microsoft to deliver more than 10.5 gigawatts of new wind and solar capacity across the U.S. and Europe between 2026 and 2030.