Google has signed a groundbreaking deal with Brookfield Renewable for hydropower, providing clean and stable power for its operations. The agreement will allow Brookfield to lock in hydropower sales and unlock the value of its assets. Alphabet’s Google aims to operate solely on carbon-free energy by 2030, leading to partnerships with power providers for renewable sources like hydropower. The deal with Brookfield will provide up to 3 gigawatts of carbon-free hydroelectric capacity in the U.S. to Google, marking the world’s largest corporate clean power deal for hydroelectricity. The agreement benefits both companies, ensuring Google has the clean and reliable power it needs while supporting Brookfield’s organic growth. The partnership between Google and Brookfield is a win-win, with Google securing clean power for its operations and Brookfield gaining increased cash flow and opportunities to unlock the value of its U.S. hydro assets. The deal positions both companies for long-term success in the renewable energy sector.
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