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Google kicks off $20B renewable energy building spree to power AI | TechCrunch

Dec 10, 2024 - techcrunch.com
Google is expanding its renewable energy efforts to support its AI data centers, partnering with Intersect Power and TPG Rise Climate to develop gigawatts of carbon-free power, battery storage, and grid upgrades. The investment, totaling around $20 billion, includes an $800 million equity investment in Intersect Power. This initiative aims to match gigawatt-scale data centers with equivalent amounts of wind, solar, and battery storage, ensuring sufficient power capacity for two to four hours. Google will also cover any necessary grid upgrades to facilitate quick connections between data centers and renewable power parks.

The project is set to be operational by 2026 and fully completed by 2027, demonstrating the rapid deployment potential of renewable energy compared to nuclear power, which faces longer timelines. Google's approach contrasts with nuclear projects like Microsoft's Three Mile Island reactor, scheduled for 2028, and Google's own deal with Kairos, targeting 2030. This urgency is driven by the expectation that new AI data centers might face power shortages by 2027, prompting tech companies to invest in renewable energy sources.

Key takeaways:

  • Google is collaborating with Intersect Power and TPG Rise Climate to develop gigawatts of renewable energy, battery storage, and grid upgrades to power its data centers.
  • The investment in renewable power is estimated at $20 billion, with an $800 million equity investment in Intersect Power.
  • Google aims to match 1 gigawatt-scale data centers with equivalent amounts of wind, solar, and battery storage, ensuring sufficient capacity for two to four hours.
  • The phased approach will see the first phase operational by 2026 and full completion by 2027, highlighting the faster deployment of renewable energy compared to nuclear projects.
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