How Big Tech is Reshaping the Power Grid


As part of a deal with Facebook to build a data center in New Mexico, an electric utility is investing in renewable energy to power the center. Through power purchase agreements, which are contracts to buy renewable energy, the social media company is accelerating the state’s transition away from fossil fuels. These contracts often come with large tax breaks for companies, but Facebook will help finance $800 million worth of wind and solar installations that can generate 396 megawatts of power. These agreements can also be implemented in other states who are hardest-hit by the decline of coal consumption.

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