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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
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Google Just Bought a Plot of Land in Denmark Right Next to Apple’s Planned Data Center

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November 17, 2017, 10:54 AM ET

Alphabet‘s Google said it has bought a plot of land in southern Denmark adjacent to a planned Apple data center to make sure it has the option of building one there too.

Apple said in July it would spend around $950 million to build a center with a planned opening in 2019. If Google follows suit it would make the area one of the world’s largest data center hubs, the local municipality Aabenraa said.

“This is great news,” Denmark’s energy minister Lars Christian Lilleholt told Reuters on Friday.

“It signals that Google has plans in Denmark, and I think it’s because we have some of Europe’s lowest power prices for companies, some of the greenest energy, and a high security of supply,” he said in a telephone interview.

Facebook in January announced plans to build a data center in Odense in central Denmark, its third outside of the United States.

Related: Broadcom Will Get a Much Bigger Slice of the Data Center Market Now

Besides its new 131 hectare (324 acres) plot in Aabenraa, Google also owns a 73 hectare plot in Fredericia, 80 kilometers (50 miles) north of Aabenraa.

Google has no plans for the lots yet, but wanted to secure the possibility to expand its data centers in Europe if required, a spokeswoman told Reuters.

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