# Black Hills and Google's AI Energy Deal

> Black Hills' $1.8B AI energy deal with Google could boost its dividend and cash flow by 2048.
- Title: Black Hills and Google's AI Energy Deal · The Motley Fool
- Summary: Black Hills' $1.8B AI energy deal with Google could boost its dividend and cash flow by 2048. Black Hills' 2027-2048 Google deal adds $150M annual net income…
- Keywords: black hills, google, ai energy, data center, wyoming, dividend, hyperscaler, finance, money, Black, Hills, Google's
- Source: The Motley Fool — https://fool.com/investing/2026/10/16/dividend-king-ai-energy-boom-google-bkh
- Author: Courtney Carlsen
- Published: 2026-10-16T10:15:00+00:00
- Read time: 1 min
- Topics: black hills, google, ai energy, data center, wyoming, dividend, hyperscaler, finance, money
## Black Hills' Dividend King Status
Black Hills has raised dividends for 56 consecutive years, making it a Dividend King.
## Google Deal Announcement
Black Hills announced multiple agreements with Google to provide energy for its Cheyenne, Wyoming data center campus on Oct. 6.
## Deal Details
The deal includes 2.7 gigawatts of power for Google's data center, with 590 megawatts grid-connected and 2.1 gigawatts off-grid.
## Financial Projections
Black Hills projects $150 million annual net income and $2.4 billion free cash flow through 2048 from the deal.
## Capital Expenditures
Black Hills will invest $1.8 billion in natural gas power generation between 2027 and 2029 to support the deal.
## Wyoming Data Center Growth
Wyoming's data center market is expanding with Microsoft and Meta building facilities in Cheyenne, Wyoming.
## Key takeaway

Black Hills' 2027-2048 Google deal adds $150M annual net income and $2.4B free cash flow for AI data centers.