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Google Just Announced a Massive Expansion
By: The Motley Fool | February 14, 2019

The search giant plans to invest $13 billion in data centers and offices around the U.S.

After spending over $25 billion in capital expenditures in 2018, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google announced this week that it plans to invest another $13 billion in offices and data centers around the U.S. this year. That's up from the roughly $9 billion that the search giant spent on corporate facilities last year. Google had also said in December that it would invest $1 billion into expanding its existing presence in New York City, which is being included in the $13 billion that Google is earmarking for 2019.

Here's what investors need to know.

Hey, big spender
The expansions will include entirely new developments, as well as growing existing offices and data centers all over the country. Google will add capacity to hire "tens of thousands of employees" and will end up having a presence in 24 states, according to CEO Sundar Pichai. Alphabet finished 2018 with nearly 99,000 full-time employees, according to its annual report.

Google is also investing in renewable energy as part of its plan to power its facilities with 100% renewable energy. Apple achieved its goal of powering all global facilities with 100% renewable energy last April.

Google wants to expand its data center footprint in order to strengthen its online services, ensuring fast and reliable performance.

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