Latest news with #AmandaPetersonCorio
Yahoo
19-05-2025
- Business
- Yahoo
Google signs agreement with energyRe for 600MW of solar energy
Google has entered a renewable energy agreement with energyRe, securing more than 600MW of solar and solar with storage projects in the US state of South Carolina. The deal is the second collaboration between the two companies and contributes more than 1 gigawatt alternating current (GWac) of new clean capacity, aligning with Google's aim for net-zero carbon emissions by 2030. Google's head of data centre energy Amanda Peterson Corio stated: 'Strengthening the grid by deploying more reliable and clean energy is crucial for supporting the digital infrastructure that businesses and individuals depend on. 'Our collaboration with energyRe will help power our data centres and the broader economic growth of South Carolina.' The agreement with energyRe addresses local energy requirements with renewable sources and reinforces Google's commitment to sustainability. energyRe's national portfolio encompasses the development of renewable energy projects, including large-scale solar, wind and storage assets, designed to enhance grid reliability, reduce costs and meet the growing demand for electricity. energyRe CEO Miguel Prado stated: 'This agreement is a milestone in energyRe's mission to develop innovative and impactful clean energy solutions for the future. 'We're honoured to partner with Google to help advance their ambitious sustainability and decarbonisation objectives while delivering dependable, locally sourced clean energy to meet growing energy demands.' Google also signed a power purchase agreement (PPA) in April 2025 with Copenhagen Infrastructure Partners for renewable energy from the upcoming Fengmiao 1 wind farm in Taiwan. This marks Google's first offshore wind PPA in the region and will provide its facilities in Taiwan with cost-effective, carbon-free electricity. The Fengmiao 1 wind farm, to be operational by 2027, is set to significantly contribute to Taiwan's offshore wind power sector and support the region's clean energy transition. "Google signs agreement with energyRe for 600MW of solar energy" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-05-2025
- Business
- Yahoo
Google To Fund Three Nuclear Sites, Says The Move Will Allow Them To 'Move At The Speed Required To Meet This Moment Of AI And American Innovation'
Elementl Power announced a deal with Google to develop three new sites for advanced reactors on Wednesday Exact details remain private, but Google will be committing early-stage development capital in exchange for the option to purchase the power once the sites are complete The deal is the latest in a long string of tech companies partnering with nuclear power companies to fuel growth Nuclear power developer Elementl Power said Wednesday that it had signed a strategic agreement with Google to develop three sites for advanced reactors. 'Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power and help companies advance their long-term net zero goals,' said Chris Colbert, Elementl Power's CEO. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Exact details of the deal were not disclosed, but Google has agreed to commit early-stage development capital to advance the progression of the three projects. In exchange, the tech company will have the option to buy the power once the sites are complete and operational, the announcement said. "Google is committed to catalyzing projects that strengthen the power grids where we operate, and advanced nuclear technology provides reliable, baseload, 24/7 energy,' said Amanda Peterson Corio, Google's global head of data center energy, in Elementl's statement. "Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation.' Elementl Power was founded in 2022 as a nuclear power project developer. The company has yet to build any sites. It also hasn't chosen what reactors it will use in future projects, according to CNBC, instead opting to wait and see which reactor technology is furthest along in development when the time comes. Trending: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Once these proposed projects reach final investment stages, Google and Elementl Power will work together to find other sources of capital, according to the statement. Each project is aiming for at least 600 MW of capacity. The number is in line with Elementl Power's overall goal of adding 10 GW of power to the nuclear grid by 2035. This is not the first nuclear power deal Google has made within the last year. In October, it said it would be buying power from small modular power reactor company Kairos Power. At the time, Google said that the first reactor would be online by 2030, with more following through need for new power sources to support data centers has been a concern among tech giants for some time. Kevin Miller, Amazon's (NASDAQ:AMZN) vice president of global data centers, told CNBC last month, "We continue to see very strong demand [for power], and we're looking both in the next couple years as well as long term and seeing the numbers only going up." At the same time, Anthropic co-founder Jack Clark told CNBC "we're seeing... tremendous growth in the need for new baseload power. We're seeing unprecedented growth." He predicted that 50 GW of new power capacity, which is equivalent to 50 new nuclear plants, will be needed by 2027 to support AI growth. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? (AMZN): Free Stock Analysis Report This article Google To Fund Three Nuclear Sites, Says The Move Will Allow Them To 'Move At The Speed Required To Meet This Moment Of AI And American Innovation' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Time of India
08-05-2025
- Business
- Time of India
Google partners with Elementl Power on nuclear energy sites as power demand for AI grows
Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply. Under the agreement announced Wednesday, Google will provide capital for the projects, which the companies say will each produce 600 megawatts of power capacity. No dollar figure for Google's investment was given. "Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation ," said Amanda Peterson Corio , Google's head of data center energy. Google and Elementl said they will collaborative with utility and regulated power companies to identify and advance new projects. "We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid," said Elementl Power Chairman and CEO Chris Colbert. U.S. states have been positioning themselves to meet the tech industry's power needs as policymakers consider expanding subsidies and gutting regulatory obstacles. Last year, 25 states passed legislation to support advanced nuclear energy, and lawmakers this year have introduced over 200 bills supportive of nuclear energy, according to the trade association Nuclear Energy Institute. Advanced reactor designs from competing firms are filling up the federal government's regulatory pipeline as the industry touts them as a reliable, climate-friendly way to meet electricity demands from tech giants desperate to power their fast-growing artificial intelligence platforms. In October, Amazon announced that it was investing in small nuclear reactors, just two days after a similar announcement by Google. A month before that, Constellation Energy, the owner of the shuttered Three Mile Island nuclear power plant said it it planned to restart the reactor so tech giant Microsoft could secure power to supply its data centers. Three Mile Island, located on the Susquehanna River just outside Harrisburg, Pennsylvania, was the site of the nation's worst commercial nuclear power accident, in 1979. Amazon, Google and Microsoft also have been investing in solar and wind technologies, which make electricity without producing greenhouse gas emissions. Elementl Power was founded in 2022.
The Hindu
08-05-2025
- Business
- The Hindu
Google partners with Elementl Power on nuclear energy sites as power demand for AI grows
Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply. Under the agreement announced Wednesday, Google will provide capital for the projects, which the companies say will each produce 600 megawatts of power capacity. No dollar figure for Google's investment was given. 'Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation," said Amanda Peterson Corio, Google's head of data center energy. Google and Elementl said they will collaborative with utility and regulated power companies to identify and advance new projects. 'We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid,' said Elementl Power Chairman and CEO Chris Colbert. U.S. states have been positioning themselves to meet the tech industry's power needs as policymakers consider expanding subsidies and gutting regulatory obstacles. Last year, 25 states passed legislation to support advanced nuclear energy, and lawmakers this year have introduced over 200 bills supportive of nuclear energy, according to the trade association Nuclear Energy Institute. Advanced reactor designs from competing firms are filling up the federal government's regulatory pipeline as the industry touts them as a reliable, climate-friendly way to meet electricity demands from tech giants desperate to power their fast-growing artificial intelligence platforms. In October, Amazon announced that it was investing in small nuclear reactors, just two days after a similar announcement by Google. A month before that, Constellation Energy, the owner of the shuttered Three Mile Island nuclear power plant said it it planned to restart the reactor so tech giant Microsoft could secure power to supply its data centers. Three Mile Island, located on the Susquehanna River just outside Harrisburg, Pennsylvania, was the site of the nation's worst commercial nuclear power accident, in 1979. Amazon, Google and Microsoft also have been investing in solar and wind technologies, which make electricity without producing greenhouse gas emissions. Elementl Power was founded in 2022.
07-05-2025
- Business
Google partners with Elementl Power on nuclear energy sites as power demand for AI grows
WASHINGTON -- Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply. Under the agreement announced Wednesday, Google will provide capital for the projects, which the companies say will each produce 600 megawatts of power capacity. No dollar figure for Google's investment was given. 'Our collaboration with Elementl Power enhances our ability to move at the speed required to meet this moment of AI and American innovation," said Amanda Peterson Corio, Google's head of data center energy. Google and Elementl said they will collaborative with utility and regulated power companies to identify and advance new projects. 'We look forward to working with Google to execute these projects and bring safe, carbon-free, baseload electricity to the grid,' said Elementl Power Chairman and CEO Chris Colbert. U.S. states have been positioning themselves to meet the tech industry's power needs as policymakers consider expanding subsidies and gutting regulatory obstacles. Last year, 25 states passed legislation to support advanced nuclear energy, and lawmakers this year have introduced over 200 bills supportive of nuclear energy, according to the trade association Nuclear Energy Institute. Advanced reactor designs from competing firms are filling up the federal government's regulatory pipeline as the industry touts them as a reliable, climate-friendly way to meet electricity demands from tech giants desperate to power their fast-growing artificial intelligence platforms. In October, Amazon announced that it was investing in small nuclear reactors, just two days after a similar announcement by Google. A month before that, Constellation Energy, the owner of the shuttered Three Mile Island nuclear power plant said it it planned to restart the reactor so tech giant Microsoft could secure power to supply its data centers. Three Mile Island, located on the Susquehanna River just outside Harrisburg, Pennsylvania, was the site of the nation's worst commercial nuclear power accident, in 1979. Amazon, Google and Microsoft also have been investing in solar and wind technologies, which make electricity without producing greenhouse gas emissions. Elementl Power was founded in 2022.
