Latest news with #Invenergy
TechCrunch
a day ago
- Business
- TechCrunch
Meta buys over 1 GW of renewables to power its data centers
Meta bolstered its already considerable renewable power portfolio this week with string of deals that added over 1 gigawatt of generating capacity. The social media company announced Thursday that it will buy 791 megawatts of solar and wind power in Ohio, Arkansas, and Texas from project developer Invenergy. And on Wednesday, Meta said that it would buy the environmental attributes from two of Adapture Rnewables' solar farms in Texas totaling 360 megawatts. The various projects are expected to come online in 2027 and 2028. Meta has been on a renewable buying spree. Last month, it signed a deal to buy 650 megawatts across two solar projects being built by AES, a utility and power generation company. Earlier this month, the tech company inked a deal with XGS Energy to build a 150-megawatt enhanced geothermal power plant in New Mexico. The deals give renewables a boost at a time when subsidies for the technologies are being targeted for elimination in the reconciliation bills being hashed out by House and Senate Republicans. Solar power, in particular, is the fastest way for data centers to acquire new power today. A typical solar farm can be completed in about 18 months, with phased construction allowing some providing electrons even sooner than that.
Time of India
a day ago
- Business
- Time of India
Meta signs deals to source more solar, wind power for data centers
Renewable energy developer Invenergy and social media giant Meta Platforms have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday. This is the latest in a string of deals by Meta to meet the surging power demand of its data centers needed for artificial intelligence technologies using clean energy. Last year, Meta had signed four contracts with the Chicago-based Invenergy for 760 MW of solar electricity. Invenergy said Thursday's deals bring the companies' total partnership to 1,800 MW. Meta has previously announced deals with several large solar projects, a geothermal startup, and is also seeking proposals from nuclear power developers. The electricity from Invenergy's solar and wind projects in Ohio, Arkansas and Texas will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online, the energy company said. The companies did not disclose the financial details of the deals.
The Hindu
a day ago
- Business
- The Hindu
Meta signs deals to source more solar, wind power for data centers
Renewable energy developer Invenergy and social media giant Meta Platforms have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday. This is the latest in a string of deals by Meta to meet the surging power demand of its data centers needed for artificial intelligence technologies using clean energy. Last year, Meta had signed four contracts with the Chicago-based Invenergy for 760 MW of solar electricity. Invenergy said Thursday's deals bring the companies' total partnership to 1,800 MW. Meta has previously announced deals with several large solar projects, a geothermal startup, and is also seeking proposals from nuclear power developers. The electricity from Invenergy's solar and wind projects in Ohio, Arkansas and Texas will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online, the energy company said. The companies did not disclose the financial details of the deals.
Time of India
a day ago
- Business
- Time of India
Meta signs deals to source more solar, wind power for data centers
Renewable energy developer Invenergy and social media giant Meta Platforms have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday. This is the latest in a string of deals by Meta to meet the surging power demand of its data centers needed for artificial intelligence technologies using clean energy. Last year, Meta had signed four contracts with the Chicago-based Invenergy for 760 MW of solar electricity. Invenergy said Thursday's deals bring the companies' total partnership to 1,800 MW. Meta has previously announced deals with several large solar projects, a geothermal startup, and is also seeking proposals from nuclear power developers. The electricity from Invenergy's solar and wind projects in Ohio, Arkansas and Texas will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online, the energy company said. The companies did not disclose the financial details of the deals.
International Business Times
2 days ago
- Business
- International Business Times
Meta Partners with Invenergy, Secures 791 MW of Clean Energy to Power AI-Driven Data Centers
Technology giant Meta has inked a new deal with renewable energy producer Invenergy to buy 791 megawatts (MW) of solar and wind energy. The deal will help meet the increasing electricity needs of Meta's data centers, which have been growing at a rapid pace to support the company's artificial intelligence operations. Both companies confirmed that they had agreed to the deal, which is the latest of a string of renewable energy pacts made by the social media company. The deal also involves four projects currently being developed in Ohio, Arkansas, and Texas, Invenergy said. The power produced will be delivered to local grids, and Meta will get credit for clean energy. Ohio's Yellow Wood Solar Energy Center and Pleasant Prairie Solar Energy Center will produce 300 MW and 140 MW of power, respectively. Arkansas is home to our Decoy Solar Energy Center, which will add another 155 MW to our system. The 196-megawatt Seaway Wind Energy Center will be built in Texas. The financial value of the agreement between the two companies was not revealed. This new deal will bring the Mark Zuckerberg-led company's clean energy partnership with Invenergy to 1,800 MW. The social media giant signed contracts for 760 MW of solar power with Invenergy in 2023. Meta has also struck other clean power deals beyond its Invenergy deal, including 650 MW of solar energy from deals with AES through projects in Kansas and Texas. These initiatives are designed to fuel Meta's growing AI capabilities, which depend on large-scale data processing and energy-intensive computing infrastructure. According to the company, these initiatives are part of its larger bid to match the rapid energy consumption of its AI-focused infrastructure with zero-carbon sources. The company has also announced four solar projects of 595 MW, 505 MW, and two at 200 MW each in Texas this year. The projects contribute to Meta's aggregate renewable energy portfolio, which now exceeds 12 gigawatts (GW). Texas has emerged as a leading solar hub due to favorable factors like abundant sunshine, quick permitting, and ease of connection to the grid. The state led the U.S. in new solar capacity in 2023 and 2024, according to data from the Solar Energy Industry Association. Meta's power strategy involves exploring other forms of clean power, like geothermal and nuclear. The company has invited proposals from nuclear developers and partnered with large-scale solar and geothermal providers.
