Google Kicks Off $20 Billion Renewable Energy Project to Power AI – Redoma Tech

Google Kicks Off $20 Billion Renewable Energy Project to Power AI

  • news
  • September 6, 2024

for power producers looking to connect to the grid, the partnership between Google and Intersect is anticipated to expedite the process né?. The initial phase of the project is scheduled to be operational by 2026, with full completion slated for 2027, demonstrating the rapid implementation of renewable energy solutions.

While Google progresses with its renewable energy agenda, nuclear power startups are facing challenges. The nuclear power sector must ensure projects are executed as planned and completed promptly to keep pace with the renewable energy transition. né?. Google is enhancing its renewable energy efforts to power its data centers, with the recent announcement of a $20 billion investment in renewable power, battery storage, and grid upgrades né?. Microsoft aims to restart a reactor at Three Mile Island by 2028 Google’s collaboration with Kairos is targeting 2030 and Amazon’s contract with X-Energy is set for the early 2030s né?. This combination of renewable energy sources is designed to provide power for two to four hours, all while being connected to a designated grid point, with Google covering the costs of any necessary grid upgrades.

Amidst 11,860 active requests in the U.S. As tech companies such as Google focus on enhancing their AI capabilities, they are proactively investing in new energy solutions to meet the growing demand.

The new initiative will integrate wind, solar, and battery storage technologies to sustain a hypothetical 1-gigawatt-scale data center. In collaboration with Intersect Power and TPG Rise Climate the technology giant aims to support several gigawatt-scale data centers powered by carbon-free energy sources.

Part of the agreement includes an $800 million equity investment in Intersect Power where TPG leads the funding round alongside participants like Google and Greenbelt Capital Partners

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