Microsoft Strikes Major Renewable Power Deal With Brookfield [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Microsoft Corp. agreed a major long-term deal with the green energy arm of Brookfield Asset Management to supply power to the software giant as it ramps up investment in artificial intelligence. The agreement will see Microsoft support the development by Brookfield Renewable Partners of more than 10.5 gigawatts of renewable energy capacity — roughly equivalent to the output of 10 nuclear power plants — in the US and Europe. Article content Article content The accord will focus on wind and solar, but also include “new or impactful carbon free energy generation technologies,” the companies said. After minimal growth over the past two decades, US power consumption is forecast to expand quickly in response to demand from new data centers needed for artificial intelligence. Last month, power generator Exelon Corp. predicted a 900% jump in power dem
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