Google Signs Solar Power Supply Deal With Softbank-Backed SB Energy

Alphabet Inc’s Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030.

Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals.

The $430-billion Inflation Reduction Act signed by President Joe Biden signed in August also seeks to incentivise a shift to clean energy, by providing tax credits.

Google will use the energy from the SoftBank Group Corp-backed company, which will have a capacity of about 3 GW by early next year, to power data centers in Texas, Alphabet said.

SB Energy’s Orion 1, 2 and 3 and Eiffel solar projects which total nearly 1.2 gigawatts (GW) of capacity are expected to be ready to supply power by mid-2024.

(Reuters)

Inside Telecom provides you with an extensive list of content covering all aspects of the Tech industry. Keep an eye on our Breaking News section to stay informed and updated with our daily articles.