Tech giants and clean energy: Amazon, Meta, Google biggest buyers among other companies – Times of India

Tech majors like Amazon, Meta and Google have been the biggest investors in clean energy, including wind and solar power. According to a report by an industry group, named the American Clean Power Association (spotted by CNBC), Amazon, Facebook’s parent company Meta and Google which is a subsidiary of Alphabet have been listed as the top three corporate purchasers of wind and solar energy. Here are the details about the clean energy purchases made by different countries:
Clean energy purchase: How much did each company buy
As per the report, these companies announced their plans to buy wind and solar power last decade. Up until September 2022, Amazon had contracted 12.4 gigawatts of clean (wind and solar) energy in the US. On the other hand, Meta managed to buy 8.7 gigawatts and Google bought 6.2 gigawatts of clean energy.
These figures indicate that the technology sector is outpacing other industries in buying clean power. However, the adoption of clean energy has been increasing across all industries, the report adds. The amount of wind and solar energy bought by companies has increased by an average of 73% per year between 2012 to 2022. The report also claims that clean energy procurement surpassed 1 gigawatt in 2015, 8 gigawatts in 2018, and almost reached 20 gigawatts in 2022.
Why tech companies are switching to clean energy
The reason for tech companies to be inclined towards clean power is not only just to save the world from climate change but is also dependent on the price. The report claims that the price of clean power has been falling steadily. In the last decade, the cost of wind and solar energy has gone down by 71% and 47%, respectively.

When it comes to buying clean energy, the technology sector has been the leader by contracting 48% of all wind and solar power. Meanwhile, the energy, telecom and food and beverage sectors have been the next largest corporate buyers with 9%, 8% and 7% of total contracted wind and solar power, respectively.
To sum up, 326 companies in total have contracted 77.4 gigawatts of wind and solar energy by the end of 2022. This much energy is enough to power over a thousand data centres or 18 million US homes, the report adds.
Also Watch:

M2 Pro & M2 Max Macbooks and Mac Mini launched: All you need to know

Source link

We will be happy to hear your thoughts

Leave a reply