Company: GOOGL
Filing Date: 2025-04-29
Form Type: PX14A6G
Source: 0001214659-25-006528
Chunk: 4

Company: Alphabet Inc.
Filing Date: 2025-04-29
Form: PX14A6G
Chunk 4
---
-center-development/

Google CEO: We're working on 1GW data centers, seeing
money going into SMRs - DCD

https://www.energy.gov/sites/prod/files/2019/01/f58/Ultimate%20Fast%20Facts%20Guide-PRINT.pdf#page=4

<div align='center'>We are not asking for
authority to vote your proxy and no proxy cards will be accepted. Please vote your proxy according to the instructions in Alphabet Inc.’s
proxy statement.</div>

| 5 |

Moreover, according to a 2024 report by Goldman Sachs, data center
electricity demand is only predicted to grow. Total demand from data centers is anticipated to comprise 8% of total US power demand by
2030, up from approximately 3% today. Further, a 2024
Lawrence Berkeley National Laboratory analysis estimates data center-driven electricity consumption will reach 6.7% to 12% of total U.S
consumption by 2028.

In the United States, where approximately 60% of the country’s
electricity is fossil fuel generated, data center electricity
load not being powered by clean energy is instead being powered by burning fossil fuels. In several states where Alphabet is building
new data centers, local utilities are scrambling to increase their generation capacity by delaying coal plant retirements and/or planning
to build or are considering building new natural gas power plants to meet burgeoning AI-hosting data center loads.

ALPHABET’S LACK OF DISCLOSURE EXPOSES IT TO REPUTATIONAL AND COMPETITIVE RISK

Alphabet’s, i.e. Google’s, products have a global reach
and are used by multiple generations of consumers.
Its products are especially integrated into the lives of teens and young adults who watch YouTube, own Chromebooks, and use Chrome, Google
Classroom, Google Drive, and Gmail to research, complete assignments, and share their coursework.
As its younger customers, a demographic for whom climate change may pose significant physical and financial risk, reach adulthood and
become increasingly aware of pressing societal issues, they may scrutinize Alphabet’s promise to curb its climate-warming GHG emissions
if not fulfilled.

_____________________________

https://www.goldmansachs.com/pdfs/insights/pages/generational-growth-ai-data-centers-and-the-coming-us-power-surge/report.pdf#page=3.06

https://eta-publications.lbl.gov/sites/default/files/2024-12/l