Google bought half a Finnish nuclear plant for 22 years

Google has signed a 22-year power deal with Fortum for up to half the output of the Loviisa nuclear plant in Finland, which has been operating since 1977. This agreement is crucial as the reactors, despite an operating license through 2050, would have required approximately a billion euros of life-extension work to continue past 2030. Google's commitment ensures the plant's continued operation, securing a long-term power supply for its operations.

This deal is notable because it moves the Loviisa nuclear plant from a likely 2030 shutdown to continued operation through 2050, unlike other plants facing early retirement.