BUSINESS NEWS TOTALENERGIES-: TotalEnergies Signs Solar Power Deal With Google TotalEnergies said on Monday that they have signed two agreements to buy electricity for a long time. These agreements are with Google-owned data centers in Texas. TotalEnergies will supply one gigawatt of power to Google-owned data centers in Texas. This is a deal for Google because it means they will use a lot more renewable energy. TotalEnergies and Google-owned data centers in Texas will work together on this project. Google-owned data centers, in Texas will get one gigawatt of power from TotalEnergies.
The agreements will give us a total of 28 terawatt hours of electricity over 15 years. This electricity will come from two sites that are being built in Texas. TotalEnergies says that work, on these sites will start in the second quarter. TotalEnergies is building these two sites to generate renewable electricity.
After they made the announcement TotalEnergies shares went up a bit when the market first opened.
Expanding Renewable Energy for Hyperscalers
This deal is the renewable power purchase agreement that TotalEnergies has ever signed in the United States. Marc-Antoine Pignon, who is the Vice President of Renewables U.S. At TotalEnergies said this. TotalEnergies is really making a move with this renewable power purchase agreement. The deal is an one for TotalEnergies and it shows that TotalEnergies is serious about renewable energy, in the United States.
TotalEnergies is making a deal. This means TotalEnergies will be working with Google. TotalEnergies already works with some companies like Amazon and Microsoft. They have agreements, with these companies to provide them with power. Now TotalEnergies has added Google to the list of companies it works with.
Google said that the agreement is going to help make the local power infrastructure stronger as Google expands the number of Google data centers.
Googles Director of Clean Energy and Power Will Conkling says that Google is really focused on making sure the grid is strong and stable and affordable. This is very important to Google as Google expands its infrastructure. Will Conkling also said that this project will bring energy sources online and make the power supply more reliable for the whole region. The grid is a deal, for Google and Google wants to make sure it is working well.
Growing U.S. Renewable Portfolio
TotalEnergies has a collection of solar, wind and battery storage assets. This collection is really big. It can make 10 gigawatts of energy. TotalEnergies has all these assets in the United States. TotalEnergies is clearly trying to get into energy. TotalEnergies is doing this while still working with oil and gas. TotalEnergies wants to be a part of energy, like solar and wind.
The company is set to report its fourth-quarter earnings later this week, as investors continue to monitor energy firms balancing fossil fuel operations with clean energy investments.
News in Brief
TotalEnergies has signed two long-term power purchase agreements to supply 1 gigawatt of solar energy to Google’s data centers in Texas, delivering about 28 terawatt hours of renewable electricity over 15 years. The solar projects are currently under development and are expected to begin construction in the second quarter, marking TotalEnergies’ largest renewable power deal in the U.S.
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