Microsoft to Deploy 10.5GW of Renewable Energy for
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Posted On: 05/10/2024 5:22:48 PM
Microsoft to Deploy 10.5GW of Renewable Energy for Cloud, AI Services
Microsoft Corporation has signed a landmark deal with Brookfield Asset Management that will grant the software giant access to more than 10.5% of green energy to power its cloud and artificial intelligence (AI) services. The $10 billion, five-year framework is reportedly almost eight times bigger than the largest corporate power purchase agreement (PPA) ever signed.
Brookfield Asset Management will develop the green-energy capacity through its subsidiary Brookfield Renewable Partners in the U.S. and Europe from 2026 to 2030 to help Microsoft support surging demand for cloud and AI services using renewable energy. The agreement will go a long way toward helping the U.S.-based software giant cut carbon emissions and decarbonize operations as it ramps up its artificial-intelligence and cloud-services product lines. It will also help Microsoft achieve the goal of powering all its data centers and buildings worldwide with 100% green energy by 2025 and 100% of its energy purchases consisting of renewables by 2030.
As companies across different industries embrace digitization, cloud-service providers such as Microsoft have seen a significant uptick in demand. “Cloud” essentially refers to physical servers housed in massive facilities that allow remote access, meaning these providers typically consume significant amounts of electricity and are a growing contributor to global carbon emissions. Consequently, Microsoft plans to steadily introduce green energy into its energy purchases until the entirety of its global operations are carbon negative by the end of the decade.
Combating climate change is one of the most critical concerns across most industries. Particularly energy-intensive sectors such as cloud storage and even AI contribute to greenhouse-gas emissions as a large portion of the nation’s electricity is generated by burning fossil fuels. Transitioning these industries to renewable energy would help reduce emissions and put the U.S. on track to achieving its net-neutrality goals.
A press release from Brookfield noted that the agreement with Microsoft would focus on solar and wind energy as well as any “new or impactful” carbon-zero technologies. The capacity will mostly be generated in facilities in Europe and the United States, but the agreement also leaves the door open for additional renewable capacity in Latin America, India and the Asia-Pacific regions.
This would mostly be in line with U.S. plans to develop a domestic green-energy ecosystem that isn’t reliant on Chinese imports. China is currently the largest green-energy infrastructure exporter on the globe, and its companies develop most of the world’s solar panels and electric-vehicle batteries.
When major corporations such as Microsoft switch to renewables to power their operations, the next logical step may be to electrify their fleets with models from manufacturers such as Mullen Automotive Inc. (NASDAQ: MULN) in a move that could further cut the emissions of those companies.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
Microsoft Corporation has signed a landmark deal with Brookfield Asset Management that will grant the software giant access to more than 10.5% of green energy to power its cloud and artificial intelligence (AI) services. The $10 billion, five-year framework is reportedly almost eight times bigger than the largest corporate power purchase agreement (PPA) ever signed.
Brookfield Asset Management will develop the green-energy capacity through its subsidiary Brookfield Renewable Partners in the U.S. and Europe from 2026 to 2030 to help Microsoft support surging demand for cloud and AI services using renewable energy. The agreement will go a long way toward helping the U.S.-based software giant cut carbon emissions and decarbonize operations as it ramps up its artificial-intelligence and cloud-services product lines. It will also help Microsoft achieve the goal of powering all its data centers and buildings worldwide with 100% green energy by 2025 and 100% of its energy purchases consisting of renewables by 2030.
As companies across different industries embrace digitization, cloud-service providers such as Microsoft have seen a significant uptick in demand. “Cloud” essentially refers to physical servers housed in massive facilities that allow remote access, meaning these providers typically consume significant amounts of electricity and are a growing contributor to global carbon emissions. Consequently, Microsoft plans to steadily introduce green energy into its energy purchases until the entirety of its global operations are carbon negative by the end of the decade.
Combating climate change is one of the most critical concerns across most industries. Particularly energy-intensive sectors such as cloud storage and even AI contribute to greenhouse-gas emissions as a large portion of the nation’s electricity is generated by burning fossil fuels. Transitioning these industries to renewable energy would help reduce emissions and put the U.S. on track to achieving its net-neutrality goals.
A press release from Brookfield noted that the agreement with Microsoft would focus on solar and wind energy as well as any “new or impactful” carbon-zero technologies. The capacity will mostly be generated in facilities in Europe and the United States, but the agreement also leaves the door open for additional renewable capacity in Latin America, India and the Asia-Pacific regions.
This would mostly be in line with U.S. plans to develop a domestic green-energy ecosystem that isn’t reliant on Chinese imports. China is currently the largest green-energy infrastructure exporter on the globe, and its companies develop most of the world’s solar panels and electric-vehicle batteries.
When major corporations such as Microsoft switch to renewables to power their operations, the next logical step may be to electrify their fleets with models from manufacturers such as Mullen Automotive Inc. (NASDAQ: MULN) in a move that could further cut the emissions of those companies.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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