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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