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Data Center News > Blog > Investments > Google lifts post-Nokia hopes with Finnish data center investment
Investments

Google lifts post-Nokia hopes with Finnish data center investment

Last updated: May 4, 2024 12:32 pm
Published May 4, 2024
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HAMINA, Finland (Reuters) – Google will make investments one other 450 million euros ($607 million) over the following few years in an information middle in Finland, boosting a rustic fighting Nokia’s decline and weak point in its paper and metal industries.

The funding is along with 350 million euros the world’s No. 1 Web search firm has already spent on the info middle, constructed on the positioning of paper firm Stora Enso’s former mill in Hamina, southeastern Finland.

Google purchased the mill in 2009, turning it into one among its best information facilities by making the most of the Bay of Finland’s chilly seawater to chill its servers.

Prime Minister Jyrki Katainen stated the transfer confirmed the nation, with its extremely expert work power, remained aggressive.

“We’ve got a wonderful training system. Finland’s energy is to find artistic options to international challenges,” he stated on Monday throughout a go to to the positioning.

Finland has one of many few remaining triple-A rated economies within the euro zone and was initially seen as being sheltered from Europe’s monetary disaster.

However Europe’s extended downturn has hit exports and accelerated a decline in industries akin to forestry, tipping the present account into deficit. The federal government has forecast GDP to contract 0.5 % this 12 months.

Finland’s confidence was dealt a blow in September when Nokia – struggling for years to meet up with Apple and Samsung in smartphones – introduced it was promoting the handset enterprise to Microsoft.

Except some gaming firms – akin to Rovio of Indignant Birds fame and Conflict of Clans developer Supercell – there have been few progress firms to interchange the declining fortunes of Nokia.

See also  Data Center Construction Market in Africa to Witness Investment Opportunities of $2.53 Billion by 2029

The Hamina facility employs about 125 individuals, and Google stated it was trying to improve workers over the approaching years.

EXPANDING DATA CENTRES

Corporations akin to Fb and Google have been increasing their information facilities and in search of cheaper methods to run them. Finland and different northern European nations have been widespread websites for information facilities on account of cooler climates that assist to scale back cooling prices.

On the Hamina facility, one among round 13 Google information facilities on the planet, seawater is pumped by way of the ability to dissipate warmth from the info centre’s servers. The water is then cooled down earlier than being returned to the ocean.

There are additionally environmental concerns. Round 2 % of worldwide greenhouse gasoline emissions come from the expertise sector. Of that, information facilities account for round 17 %, based on the World e-Sustainability Initiative, an industry-sponsored analysis group specializing in matters akin to local weather change.

The growing use of cloud computing, which permits software program and providers together with e mail and on-line music libraries to be provided over the Web, is seen driving up the usage of information middle utilization within the coming years.

Microsoft has stated it’s going to make investments greater than $250 million in a brand new information middle in Finland.

Yandex, Russia’s greatest search engine, began constructing an information middle in Mantsala, southern Finland, in July.

($1 = 0.7414 euros)

(Reporting by Ritsuko Ando; Modifying by Giles Elgood)

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TAGGED: Center, data, Finnish, Google, Hopes, Investment, lifts, postNokia
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