US-based Energix Renewables said on Tuesday it has signed a long-term agreement with Google to supply electricity and renewable energy credits generated from its solar projects.
Carbon credits are critical for technology giants like Google, as they use them to power their rapidly expanding data centers and drive artificial intelligence.
According to a company press note, Energix will initially supply 1.5 gigawatt peak of solar project development until 2030, with an option to further expand the partnership.
The tech giant will also offer tax equity, enabling the renewable energy firm to develop and expand its solar power projects.
“We are thrilled to embark on this strategic collaboration with Google. This agreement underscores our leadership in the US renewable energy market,” said Energix Group CEO Asa Levinger, in a statement.
Energix, founded in 2009, is a public company traded on the Tel Aviv Stock Exchange and owned by Alony-Hetz Properties and Investments Ltd, a well-known real estate investment group with investments in Switzerland, the UK, and the US.
Energix Renewables, a leading independent power producer headquartered in Arlington, Virginia, is dedicated to building a sustainable future in the US. They specialize in developing, constructing, and operating renewable energy projects nationwide.
Energix is a significant force in the Mid-Atlantic’s solar energy sector, with over $1.5 billion invested and 15 operational projects with a total capacity of 636 megawatts of direct current, solidifying its position as a renewable energy leader.
“This type of collaboration is essential as we continue to progress towards our ambition to run on 24/7 carbon-free energy on every grid where we operate every hour of every day,” said Amanda Peterson Corio, global head of data center energy at Google.
The partnership between Energix Renewables and Google marks a significant milestone in the journey towards cleaner, more sustainable energy solutions.
Read More:
Google Joins Blockchain Platform To Sell SAF Credits To Business Customers
