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Google plans to invest $25 billion over the next two years to expand data centers and AI infrastructure, according to CNBC. The investment will focus on states within the Pennsylvania-New Jersey-Maryland Interconnection, the nation’s largest electric grid, which spans 13 states across the mid-Atlantic and parts of the Midwest and South. The company will also invest $3 billion in modernizing two hydropower plants in Pennsylvania. The deal is part of a broader agreement with Brookfield Asset Management to acquire 3,000 megawatts of hydroelectric power across the nation. These investments come as PJM faces growing strain from surging electricity demand tied to the rise of AI and industrial expansion.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Google plans to invest $25 billion over the next two years to expand data centers
00:07and AI infrastructure, according to CNBC. The investment will focus on states within
00:13the Pennsylvania-New Jersey-Maryland interconnection, the nation's largest
00:17electric grid that covers 13 states across the Mid-Atlantic and parts of the Midwest and South.
00:22The company will also spend $3 billion to modernize two hydropower plants in Pennsylvania.
00:27The deal is part of a broader agreement with Brookfield Asset Management
00:31to acquire 3,000 megawatts of hydroelectric power nationwide.
00:36These investments come as PJM faces growing strain
00:39from surging electricity demand tied to AI and industrial expansion.
00:43For all things money, visit Benzinga.com.

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