Big Tech’s Energy Needs Are Growing So Fast That
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Posted On: 06/25/2024 2:45:18 PM
Big Tech’s Energy Needs Are Growing So Fast That Power Grids Can’t Keep Up
https://www.motherjones.com/politics/2024/06/...estraints/
For the past five years, tech companies have been on an increasingly frenzied shopping spree for renewable contracts known as power purchase agreements (PPAs), which can enable data center operators to reserve power from a wind farm or solar site before the projects have even been built. In Denmark, there are solar farms paid for by Meta. In Norway, there are wind farms bankrolled by Google. As early adopters of these types of deals, tech companies have helped fuel Europe’s now-thriving PPA market, says Christoph Zipf, spokesperson at WindEurope. This month, Microsoft struck the world’s biggest renewables energy deal, signing a $10 billion contract for clean power across Europe and the US.
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https://www.motherjones.com/politics/2024/06/...estraints/
For the past five years, tech companies have been on an increasingly frenzied shopping spree for renewable contracts known as power purchase agreements (PPAs), which can enable data center operators to reserve power from a wind farm or solar site before the projects have even been built. In Denmark, there are solar farms paid for by Meta. In Norway, there are wind farms bankrolled by Google. As early adopters of these types of deals, tech companies have helped fuel Europe’s now-thriving PPA market, says Christoph Zipf, spokesperson at WindEurope. This month, Microsoft struck the world’s biggest renewables energy deal, signing a $10 billion contract for clean power across Europe and the US.
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