24 By 7 Procurement. Corporate renewable energy purchasing is headed to the next phase and it is going to impact ecosystems across the market. Corporates have reached their 100% renewable energy goal and now going to the time matching of procurement and usage. Google Cloud is announcing that they are partnering with AES to buy renewable energy matched to their usage. This is a little fish in a big ocean way to do it but here are two things that will happen next. Data centers will go first, not only those that are exclusive to big corporates, but data centers that are providing services to companies will have to match renewable energy to their consumption in order to retain their customer base. Second, renewable energy generators will have to learn to shape their curve. Imagine having to reengineer the 8760 forecast based on the consumption curve of the off taker. Careful though, missing your production could mean having to go to the market to make up the energy and leave you naked on the hedge.
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- Axios: What’s next for Google’s data center carbon plan
- Reuters: Oil and gas investor EnCap raises $1.2 billion energy transition fund
- PV-Tech: Amp Energy plans 1.3GW of solar at South Australia renewables hub
- Solar Power World: NREL to hand off management of SolarAPP+ to UL to expedite rollout
- Energy Storage News: California electric system operator CAISO prepares to ‘embrace historic tide’ of energy storage
- Canary Media: Can a new SunShot push the US toward 100% clean energy?
Opinion
Best, Yann