A new initiative with Microsoft and Nucor to accelerate advanced clean electricity technologies
To reach our ambitious goal of running on 24/7 carbon-free energy, we need to procure clean energy to meet our electricity demand at every hour of every day, everywhere that we operate.
While wind and solar technologies play a significant role in our efforts today, we will need a broader portfolio of advanced clean electricity technologies — such as next-generation geothermal, advanced nuclear, clean hydrogen and long-duration energy storage — to enable us to fully decarbonize our energy consumption. And according to leading global energy experts, these kinds of advanced clean energy technologies are also critical to cost-effectively decarbonize global electricity grids, offering a clean source of power for times and locations where solar and wind power are not available or affordable.
Today we announced that we’re working with Microsoft and Nucor to aggregate demand for advanced clean electricity technologies, accelerate their commercialization and make them more widely available for all energy consumers.
Advanced clean electricity technologies benefit from large-scale procurements to achieve commercialization, but one company procuring alone faces significant risks. By procuring together, companies help reduce the cost of future deployments while sharing the risks.
Scaling advanced clean technologies requires significant investment, but the novelty and risk of early projects often make it difficult for them to secure the financing they need. Aggregating the demand of multiple large clean energy buyers helps enable the investments and commercial structures that are needed to bring these projects into the market. This effort builds on our first-of-a-kind enhanced geothermal technology project with Fervo Energy, which is now powering the grid that serves our data centers in Nevada with “always-on” carbon-free energy.
Read more about the demand aggregation model and how we are working with our partners to accelerate the commercialization of promising new clean energy technologies to create a prosperous, carbon-free future for all.
