Google Heats Up Green Goals: Geothermal Deal Powers Nevada Data Centers
Portfolio Pulse from Lekha Gupta
Alphabet Inc. (GOOGL) has signed an agreement with Berkshire Hathaway's NV Energy to supply its Nevada data centers with geothermal electricity, increasing its carbon-free power from 3.5 MW to 115 MW over six years. This move aligns with Google's goal to run entirely on clean energy by 2030. Similar deals have been made by Duke Energy (DUK) with Amazon (AMZN), Google, Microsoft (MSFT), and Nucor (NUE) to support carbon-free energy in the Carolinas.
June 13, 2024 | 2:59 pm
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Amazon has signed a deal with Duke Energy to explore carbon-free energy solutions in the Carolinas, aligning with its sustainability goals.
Amazon's partnership with Duke Energy to explore carbon-free energy solutions aligns with its sustainability goals, which could positively impact its stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Berkshire Hathaway's NV Energy has signed a deal with Google to supply geothermal electricity, increasing its role in providing clean energy solutions.
The partnership with Google to supply geothermal electricity enhances NV Energy's role in clean energy solutions, which could positively impact Berkshire Hathaway's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Duke Energy has signed deals with major companies including Google, Amazon, Microsoft, and Nucor to explore carbon-free energy solutions in the Carolinas.
Duke Energy's partnerships with major companies to explore carbon-free energy solutions could enhance its reputation and market position, potentially positively impacting its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet Inc. (GOOGL) has signed a deal with NV Energy to significantly increase its use of geothermal electricity for its Nevada data centers, aligning with its goal to run entirely on clean energy by 2030.
The deal with NV Energy will significantly increase Google's use of geothermal electricity, aligning with its long-term clean energy goals. This is likely to positively impact GOOGL's stock in the short term as it demonstrates the company's commitment to sustainability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft has signed a deal with Duke Energy to explore carbon-free energy solutions in the Carolinas, supporting its sustainability initiatives.
Microsoft's partnership with Duke Energy to explore carbon-free energy solutions supports its sustainability initiatives, which could positively impact its stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Nucor has signed a deal with Duke Energy to explore carbon-free energy solutions in the Carolinas, aligning with its sustainability goals.
Nucor's partnership with Duke Energy to explore carbon-free energy solutions aligns with its sustainability goals, which could positively impact its stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 30