HLSE:FORTUMElectric Utilities
Google Power Deal Could Reshape The Case For Fortum Stock
Fortum Oyj and Google have agreed a multi decade PPA covering up to 50% of the Loviisa nuclear plant's capacity through 2050, supporting Fortum's €1,000 million investment programme and planned power uprates.
The partnership ties Google's large AI driven power demand to Fortum's nuclear, renewables and flexibility projects, giving the utility clearer long term demand visibility for new low carbon capacity and energy portfolio services in Finland.
With Fortum Oyj now securing a long horizon...