Microsoft is investing in nuclear and renewable energy sources to support cloud and AI growth.

From Nasdaq: 2024-09-22 05:20:00

Microsoft is investing heavily in expanding data centers for cloud computing and AI. This includes using more power for AI applications like ChatGPT. They secured nuclear and renewable energy deals with Constellation Energy and Brookfield Renewable to support their power needs for future growth.

A 20-year deal with Constellation Energy will see Microsoft receive carbon-free energy from a restarted nuclear power plant. This unit will produce 835 MW of electricity by 2028. The agreement is the largest-ever PPA signed by Constellation Energy, supplying Microsoft’s data centers with power for decades to come.

Microsoft also signed a collaboration agreement with Brookfield Renewable to deliver over 10.5 GW of new renewable power capacity by 2030. This deal, the largest corporate PPA ever signed, will aid Microsoft’s goal of 100% zero-carbon energy by 2030. Both agreements support Microsoft’s cloud and AI growth ambitions worldwide.

As electricity demand rises for cloud computing and AI, Microsoft secures power sources like nuclear and renewable energy to stay ahead. Investors see growth potential for Constellation Energy and Brookfield Renewable, making them attractive stocks to buy. The coming years will witness a significant electricity buildout to support Microsoft’s growth.

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Read more at Nasdaq: Microsoft Goes Nuclear. Here Are the Biggest Beneficiaries of Its Massive Power Grab.