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Alphabet (GOOGL) Secures Power Deals with AES, Xcel for Data Centers [Yahoo! Finance]
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On February 24, Alphabet Inc. (NASDAQ:GOOGL)'s Google doubled down on efforts to secure power supply for its data centers across the country by entering into separate agreements with U.S. utilities AES Corp and Xcel Energy. Xcel entered into an agreement to power Google's new data center in Pine Island, Minnesota, while bringing 1,900 megawatts of new clean energy to the grid. The utility said the project would not raise costs for existing customers, as Google will pay all costs for its new service. Google will also invest $50 million in Xcel's efforts to build a battery storage network across Minnesota. Meanwhile, Arlington, Virginia-based AES said it had signed a 20-year agreement with Google to power a new data center in Wilbarger County, Texas. AES signed deals for energy generation that will be co-located with the new data center and enable Google to expand its operations to meet demand for its core services. Alphabet (GOOGL) Secures Power Deals with AES, Xcel for Data Cent
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