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{"id":609,"date":"2022-03-02T15:30:46","date_gmt":"2022-03-02T15:30:46","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/02\/big-tech-drove-record-clean-energy-purchases-in-2021\/"},"modified":"2022-03-02T15:30:47","modified_gmt":"2022-03-02T15:30:47","slug":"big-tech-drove-record-clean-energy-purchases-in-2021","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/02\/big-tech-drove-record-clean-energy-purchases-in-2021\/","title":{"rendered":"Big Tech drove record clean energy purchases in 2021"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/2\/1\/22912183\/big-tech-record-clean-energy-purchases-2021<\/a>
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Tech companies drove a surge in corporate purchases of clean energy last year, according to a new analysis<\/a> by BloombergNEF. <\/p>\n

Overall, corporations bought a record 31.1 GW of clean energy in 2021, equivalent to more than 10 percent of all new renewable energy capacity added worldwide <\/strong>that year. Over half of the power purchase agreements for clean energy made by corporations were signed by tech giants, including Amazon, Microsoft, Meta, and Google. <\/p>\n

Agreements with utilities or developers to purchase enough clean power to match <\/strong>annual electricity use are one strategy that companies use to claim they are running their operations on 100 percent clean energy. In reality, that clean energy usually isn\u2019t flowing directly into corporate offices and factories 24\/7 because the grids they\u2019re hooked up to might not have enough renewables online yet. In other words, most power purchase agreements that American companies sign are considered \u201cvirtual.\u201d <\/p>\n

\u201cCompanies like Google and Apple and Microsoft and Meta, they\u2019re the pioneers of the virtual power purchase agreement as we know it today,\u201d Kyle Harrison, head of sustainability research at BloombergNEF, tells The Verge<\/em>. Still, there\u2019s more progress tech companies need to make to clean up their operations. <\/p>\n

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