Microsoft made the biggest renewable energy agreement ever to fuel its AI ambitions [Verge, The]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Verge, The
Share this story Microsoft just agreed to support the development of 10.5 gigawatts of new renewable energy capacity around the world, a massive amount of electricity to fuel its AI ambitions and climate goals. For comparison, 10.5 GW of renewable energy amounts to nearly half the amount of solar and wind capacity California had in 2022 . This is quite literally a very big deal — effectively the largest corporate agreement to purchase renewable energy to date, according to BloombergNEF . Microsoft inked the agreement yesterday with Brookfield Asset Management, which said the deal is almost eight times bigger than what was previously the single largest corporate power purchase agreement ever signed. Microsoft is pumping a lot of its resources into AI offerings for its customers investing more than $13 billion in OpenAI . AI is notoriously energy-intensive , which risks pushing the company's greenhouse gas emissions up as its data centers gobble up more and more electricity. That
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News
- Brookfield Plans to Invest $500 Million in Leap Green [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [BNN Bloomberg (Canada)]BNN Bloomberg
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Yahoo! Finance]Yahoo! Finance
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Financial Post (Toronto, Ontario, Canada)]Financial Post
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- BN's page on the SEC website