Google Signs Geothermal Energy Agreement, the First Ever in Asia

American tech giant Google has signed the first-ever geothermal energy agreement in Asia, a major milestone in the firm’s quest to incorporate green energy into its increasingly energy-intensive operations. The Mountain View, California-based company signed the corporate power purchase agreements (PPAs) with Baseload Capital, a global developer that specializes in delivering geothermal energy, to provide 10 MW of carbon-free energy to the Taiwanese electricity grid.

This non-stop supply of clean energy would be used to support the power needs of Google data centers and operations based in Taiwan. The recent agreement builds on Google’s historic 2019 agreement for solar energy in Taiwan and represents a landmark expansion for the firm’s renewable energy strategy in Asia. It is also a sign of Google’s broader commitment to adopting clean energy.

As one of the world’s largest technology companies, Google has immense energy needs. The recent proliferation of artificial intelligence (AI) means that Google is now consuming even more energy to keep its AI and Cloud data centers operational 24/7. As a result, Google and other major tech firms like Amazon consume enough energy to power some countries and are responsible for producing significant greenhouse gas emissions.

Using renewable energy to power its operations, particularly its cloud and AI data centers, would reduce Google’s environmental impact by a wide margin. Google’s ultimate goal is to ensure that all of its facilities in Asia and across the world are fully powered by clean energy. Geothermal energy is an attractive option as it draws energy from an infinite source that’s “always on.”

Unlike solar energy, which can only be generated during the day, or wind power, which is dependent on weather conditions, geothermal energy can provide Google with a constant supply of clean energy regardless of the time of day or weather conditions. With Taiwan located in the Pacific Ring of Fire, a region that experiences significant seismic activity every year, the country is in an ideal position to produce substantial amounts of geothermal energy.

According to Google’s Senior Director of Clean Energy and Carbon Reduction, Michael Terrell, Baseload Capital initially developed the geothermal projects and will add an extra 10 megawatts of geothermal power to Taiwan’s grid to help power Google’s local operations and data centers. In a statement posted on LinkedIn, the Google executive said the partnership with Baseload Capital will also boost the Asia-Pacific’s geothermal market.

Baseload Power Taiwan, a subsidiary of Baseload Capital, began laying the groundwork for geothermal development in Asia over five years ago, working closely with government bodies and local communities to fine-tune regulatory frameworks and gather pertinent information on geothermal resources in the country.

Google’s landmark agreement marks a pivotal step in clean tech expansion across Asia. Reliable geothermal power offers a scalable solution to tech’s rising energy needs, helping decarbonize the digital economy, and reducing its impact on the environment.

When coupled with energy storage solutions, such as those commercialized by firms like SolarBank Corp (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) and others, renewable energy like geothermal power can help lower fossil fuel use around the world.

About GreenEnergyStocks

GreenEnergyStocks (“GES”) is a specialized communications platform with a focus on companies working to shape the future of the green economy. GreenEnergyStocks is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, GES is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, GES brings its clients unparalleled recognition and brand awareness. GES is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from GreenEnergyStocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.GreenEnergyStocks.com

Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer

GreenEnergyStocks
Los Angeles, CA
www.GreenEnergyStocks.com
310.299.1717 Office
Editor@GreenEnergyStocks.com

GreenEnergyStocks is powered by IBN