Google signed its first nuclear power deal outside the United States, agreeing to buy up to 50% of the output from Fortum Oyj’s Loviisa nuclear power plant in Finland under a 22-year power purchase agreement (PPA). Signed on September 9, the contract begins with reduced capacity in 2028, reaches full volumes by 2030 and runs through 2049. The revenue commitment supports Fortum’s approximately €1 billion investment program to extend Loviisa’s operating life until 2050, with about €700 million still awaiting final board approval. Loviisa supplies more than 10% of Finland’s electricity and employs around 580 people. The upgrades include a 38 MW capacity increase expected to be completed by 2028. Fortum shares rose between 8% and 15% after the announcement. The agreement forms part of Google’s wider plan to invest at least €13 billion, or roughly $15.1 billion, in Finnish AI and data-center infrastructure during 2027 and 2028. Construction is projected to add €3.6 billion to Finland’s GDP, while the operating facilities are expected to create approximately 7,000 permanent jobs. The deal adds to a broader technology-industry push toward nuclear power, including Microsoft’s agreement to restart a unit at Three Mile Island in Pennsylvania, Amazon’s exploration of nuclear options for AWS data centers and Google’s previously announced agreement with Kairos Power for small modular reactors in the United States. Unlike those initiatives, the Fortum agreement covers an operating, full-sized European nuclear plant and has an unusually long 22-year term. It also reflects Finland’s continued support for nuclear power after the completion of the delayed Olkiluoto 3 reactor, contrasting with Germany’s shutdown of its last reactors in 2023.