
Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google has announced a $25 billion investment in data center and artificial intelligence (AI) infrastructure across the PJM Interconnection grid.
What Happened: Google’s investment will be spread over the next two years and will be directed towards states within the PJM Interconnection, the largest electric grid in the U.S., reported CNBC. The company will also invest $3 billion to modernize two hydropower plants in Pennsylvania, targeting the growing energy needs of data centers and AI operations in the area.