Dive Summary:
- Google is tired of buying clean energy from non-utility companies in complex purchase agreements.
- Rather, the Internet corporation wants to buy straight from utilities even if it means being charged a tariff.
- Duke Energy Corp., the nation’s largest utility owner, is stepping up and developing a program in North Carolina to sell clean energy directly to big companies without raising prices for other ratepayers. Google will buy Duke’s renewable energy for the $600 million expansion of Google’s Lenoir data center in North Carolina.
From the article:
"More than 60 percent of Global Fortune 500 companies have renewable energy or greenhouse gas reduction targets, though utilities aren’t doing enough to satisfy demand, Google said. “Even though companies want renewable power and are willing to pay for it, the product is not being offered,” it said. ...