FORTUM Fortum Oyj

JP Morgan believes the scramble by US technology giants for reliable power could push up European energy prices and hasten a long-awaited revival in nuclear power. Phil Buller, who covers European capital goods and utilities for the bank, said the trend was underappreciated by investors...

On September 9, 2026, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL)’s Google will invest at least €13 billion, or about $15.1 billion, in AI infrastructure in Finland over the next two years, its biggest European investment, including three new data centers and a 22-year deal for up to 50% of the output of one of Finland’s […]

Russia also placed the local businesses of French retailers Auchan and Leroy Merlin under temporary external administration, according to a presidential decree.

Fortum Oyj (HLSE:FORTUM) just tied its future Loviisa nuclear output to Google through a multi decade power purchase agreement, which gives the utility clearer long term revenue visibility around its planned lifetime extension investments. Recent trading suggests investors are leaning into that story. Fortum Oyj’s share price return is up 19.3% over the past month and 28.3% year to date, while the 1 year total shareholder return of 59.3% points to momentum that has been building rather than...

Alphabet shares rose after its P/E fell near 17.5, a discount to the S&P 500, while a 22-year nuclear power deal with Fortum and Buy-rated analyst support point to long-term strength.

Google just signed a nuclear power contract stretching to 2049, turning electricity from a volatile expense into a fixed cost across two decades of AI growth. Whether that move reshapes Alphabet's competitive position or arrives too late to matter is the real question.

Google Commits €13B to Finland AI Infrastructure, Securing Its First Non-US Nuclear Deal Google’s commitment of €13 billion toward AI infrastructure in Finland marks a definitive shift in the data centers strategy of hyperscalers. By anchoring its expansion to a 22-year power purchase agreement (PPA) with Fortum for output from the Loviisa nuclear plant, Google […]

By Sudeshna Ghoshal and Ragini Mathur Sept 9 (Reuters) - European shares dropped on Wednesday to their lowest in more than a month after crude prices surged above the key $100 a barrel mark as

Data centers land in Hamina, Kajaani, Muhos and Vaala across 2027 and 2028

(Updates with additional details on Google's Finland investment from the third to fifth paragraphs.)

A deal between Alphabet Inc.’s Google and Nordic utility Fortum Oyj, the first such agreement of its kind in Europe, will help unlock €1 billion of investment needed to keep a nuclear power plant in Finland running for decades to come.

The investments include long term deals to keep a Finnish nuclear power plant online along with other clean energy investments planned for 2027-28.

Shares jumped after the Nordic energy company signed a deal with Google to power data centers in Finland.

The 14 companies will work together on offshore wind, hydrogen, LNG, carbon storage and SMRs.

Fortum has applied for Swedish state aid to advance a proposed 1.2–3.4 GW nuclear power project at Oskarshamn as Sweden pushes ahead with a major revival of nuclear generation.

Fortum Oyj (FOJCF) reports mixed financial results with strategic acquisitions and robust cash flow amid a challenging market environment.