HS Analysis | Google's Giant Investment Brings Jobs but Raises Concerns About Electricity Adequacy and Price
5 Articles
5 Articles
If the old calculation is correct, the data centers built by Google in two years would increase electricity consumption by as much as 13 percent. Where will it be obtained when the wind turbines are down? asks HS Vision editor Anni Lassila.
On a dilapidated industrial site in Medelpad, Google wants to build an AI data center that could eventually consume more energy than the entire city of Stockholm. Some say it's the best option since the dreams of battery manufacturing were shattered. Others worry about electricity prices as Google gobbles up what hydroelectric power produces.
Google is investing 13 billion euros in Finland over the next two years to build several data centers. However, the investment will further increase the country's electricity needs, which is why the Finnish government is also preparing for the possibility that electricity prices for household consumers will have to be limited in a crisis situation. Price increases also threaten Estonia.
Data center projects are profitable for contractors, but also risky.
The increasing volatility of the Finnish electricity system and the need for network capacity have been a known challenge, which requires a balanced energy and industrial strategy to address. Google’s 13 billion investment spree turbocharges the pace of this challenge. Investments are a big boost to the economy, and it is good that when we use cloud services outside of Europe, at least the infrastructure is here. At the same time, it is symptoma…
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