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Utility and Energy Transmission & Distribution News | Utility Dive

Utility and Energy Transmission & Distribution News | Utility Dive

Big Tech is upending the clean energy landscape

Utility and Energy Transmission & Distribution News | Utility Dive
Summary
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83% Informative

Big Tech companies like Microsoft , Google , Amazon and Meta are leading buyers of renewable energy.

Big Tech has leveraged its market influence and sophisticated analytical abilities to morph renewable power purchase agreements from simple contracts into complex structures that shift considerable risks onto renewable developers.

The Electric Reliability Council of Texas expects a staggering 60% increase in demand from data centers within five years .

Google has warned that forecasts for data center growth in certain U.S. power regions could be double-counting demand.

As Big Tech dominates energy procurement, the fortunes of renewable project owners are increasingly tied to those of the data center industry.

Google recently reported material increases in its greenhouse gas emissions relative to 2019 .

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External references

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