Google to spend $17 billion on first Wyoming data center
Alphabet’s Google announced a $17 billion investment to build its first data center in Laramie County, Wyoming. The project will draw electricity from a 702‑megawatt natural‑gas fuel‑cell system using Bloom Energy fuel cells, with power supplied by American Electric Power and Black Hills Energy. Google said it will cover all power costs and expects to generate hundreds of millions of dollars in local property taxes. The announcement follows the removal of developer Crusoe from the project over cost and timetable concerns.
Why it matters
The $17 billion capex adds a large, long‑term expense to Google’s balance sheet and creates a new revenue stream for local utilities and property tax authorities. Investors should watch the project timeline and power‑supply cost structure for potential impacts on Google’s operating expenses.
Key facts
- 1Google will invest $17 billion in the Wyoming data center. finance.biggo.com
- 2The facility will be located in Laramie County, Wyoming. finance.yahoo.com
- 3The data center will use a 702‑megawatt natural‑gas fuel‑cell system built with Bloom Energy Corp. fuel cells. finance.yahoo.com
- 4American Electric Power (AEP) signed a power agreement for the project. finance.biggo.com
- 5Black Hills Energy is named as a partner to supply power. finance.yahoo.com
- 6Google will pay for all electricity the data center consumes. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.