Solar is growing faster than any electricity source as Big Tech seeks clean energy for data centers
Publishing timestamp: 2024-06-19 08:12:18
Summary
CEOs in the renewable energy sector believe the industry is at an inflection point as Big Tech seeks carbon-free energy for data centers. Solar power is rapidly growing in the U.S., but faces challenges in connecting to the grid and building out transmission lines. Cheaper batteries are needed for 24/7 renewable power. Despite criticisms, the renewable energy sector is reaching a turning point, with solar forecasted to make up a significant portion of new electricity generation. Big Tech firms are driving demand for clean energy, and the U.S. is facing a surge in electricity demand. Challenges remain in achieving a fully renewable electric grid, but advancements in battery technology and falling costs are making it more feasible.
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Keywords: environment, alternative and sustainable energy, nextracker inc, meta platforms inc, aes corp, energy, microsoft corp, fluence energy inc, united states, alphabet inc, amazon.com inc, business news, breaking news: markets, markets,