Constellation Signs Hourly Carbon-Free Energy Matching Agreement With Microsoft To Support A Clean-Powered Data Center
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Constellation (NASDAQ:CEG) has signed an agreement with Microsoft (NASDAQ:MSFT) to reduce the carbon footprint of one of Microsoft's data centers in Virginia. The data center will receive up to 35% in environmental attributes from nuclear power, complementing Microsoft's new wind and solar purchases. Microsoft will track its performance using Constellation's hourly carbon-free energy (CFE) matching platform, a new retail product offering that leverages software technology to help customers achieve their environmental goals.
June 29, 2023 | 12:14 pm
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Constellation's agreement with Microsoft to provide carbon-free energy matching services could boost its reputation as a sustainable energy provider and potentially attract more customers.
The agreement with Microsoft could enhance Constellation's reputation as a sustainable energy provider. This could potentially attract more customers interested in reducing their carbon footprint, positively impacting Constellation's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's agreement with Constellation to reduce the carbon footprint of its data center aligns with its sustainability goals and could enhance its corporate image.
Microsoft's commitment to reducing its carbon footprint aligns with its sustainability goals and could enhance its corporate image. This could potentially attract more customers and investors interested in sustainable practices, positively impacting Microsoft's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80