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Fortum Shares Rise on Google Nuclear Deal

Wall Street Journal US Business •
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Shares of Nordic energy company Fortum jumped after signing a deal with Google to power data centers in Finland using nuclear power. The agreement marks a significant step in Google's efforts to secure clean energy for its growing data infrastructure. Fortum will supply nuclear-generated electricity to support Google's operations in the region.

The partnership highlights increasing collaboration between tech giants and energy providers to meet sustainability goals. Investors reacted positively to the news, driving Fortum's share price higher. The deal underscores Finland's role as a hub for sustainable data center development.

Both companies aim to reduce carbon emissions through reliable, low-carbon energy sources. The agreement is expected to support long-term energy stability for Google's Nordic operations.