Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers

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Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.

Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to help power data centers.The U.S. faces surging electricity demand as the advent of AI coincides with the expansion of domestic manufacturing and the electrification of the nation's vehicle fleet.

The 10.5 gigawatts of renewable capacity is three-times larger than the 3.5 gigawatts of electricity consumed by data centers in Northern Virginia, the largest data center market market in the world. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe scope of the deal could increase to include additional energy capacity in the U.S. and Europe as well as Asia, Latin America and India, the companies said. The agreement will focus on wind, solar as well as new carbon-free technologies.

The U.S. faces surging electricity demand as the advent of artificial intelligence coincides with expansion of semiconductor and battery manufacturing in the U.S. as well as the electrification of the nation's vehicle fleet. After a decade of flat growth, total electricity consumption in the U.S. is expected to surge by 20% through the end of the decade, according to an April Wells Fargo Research note.

 

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Microsoft, Brookfield to partner on renewable energy projectsCanada's Brookfield Asset Management and technology giant Microsoft will develop new wind and solar farms in an attempt to bring over 10.5 gigawatts of new renewable energy capacity, the companies said on Wednesday.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »