Google Backs Carbon-Captured Gas to Power Its AI Future
Market Intelligence Analysis
AI-PoweredGoogle has signed a U.S. corporate power purchase agreement for a 400-megawatt gas-fired power plant with carbon capture, marking a significant shift in its approach to powering its AI future.
Moderate positive impact on renewable energy stocks and neutral impact on fossil fuel stocks, as Google's move towards carbon-captured gas may be seen as a compromise between renewable and traditional energy sources.
Article Context
Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed by privately held Low Carbon Infrastructure. The plant will capture and store about 90% of its carbon dioxide emissions in underground wells 5,000 to 7,000 feet deep. Power will flow to Google’s expanding network…
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