Brookfield Asset Management and Google have signed the world’s largest corporate hydroelectric power agreement, paving the way for up to 3,000 megawatts (MW) of carbon-free capacity across the United States. The Hydro Framework Agreement (HFA), announced today, is designed to accelerate Google’s 24/7 clean energy goals and deepen Brookfield’s role in providing flexible, dispatchable renewable power to large-scale tech customers.
The initial phase of the deal covers Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, totaling 670 MW of capacity and more than $3 billion in signed power purchase contracts. These 20-year agreements will supply carbon-free electricity to Google operations in the PJM Interconnection region. Brookfield will continue supplying legacy customers such as Amtrak from these facilities under the same structure.
Under the HFA, Brookfield will provide access to hydroelectric assets that are relicensed, modernized, or upgraded, ensuring extended lifespan and enhanced output. While the initial focus is on the PJM and MISO markets, the agreement allows for geographic expansion as Google continues to scale its digital infrastructure footprint. Brookfield’s portfolio spans over $1 trillion in assets under management, including one of the world’s largest renewable power platforms.
- Up to 3,000 MW of carbon-free hydroelectricity to be delivered under the HFA
- $3B in contracts signed for 670 MW at Holtwood and Safe Harbor facilities
- 20-year PPAs to support Google’s 24/7 carbon-free energy goals
- Brookfield retains commitments to existing customers like Amtrak
- Initial focus on PJM and MISO markets, with flexibility to expand
“At Google, we’re dedicated to responsibly growing the digital infrastructure that powers daily life for people, communities and businesses,” said Amanda Peterson Corio, Head of Data Center Energy at Google. “This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate.”