financetom
Business
financetom
/
Business
/
Meta buys credits from four big US solar projects
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta buys credits from four big US solar projects
Dec 5, 2024 4:23 AM

Dec 5 (Reuters) - Meta Platforms Inc ( META ) announced

a deal on Thursday to buy the green credits from four large U.S.

solar energy projects that will help the Facebook owner meet its

clean electricity goals as its power needs surge.

The agreement is the latest in a string of announcements

Meta has made this year aimed at meeting the energy needs of its

power-hungry data centers without harming the climate. The

company has previously announced deals with several large solar

projects, a geothermal startup, and is seeking proposals from

nuclear power developers.

In its latest move, Meta signed four contracts with

Chicago-based energy project developer Invenergy for 760

megawatts of solar electricity. That is about enough energy to

power 130,000 homes.

The projects will connect to the power grid between 2024 and

2027 and will be located in Ohio, Texas, New Mexico and

Arkansas, Meta and Invenergy said in a joint statement.

Meta will receive clean energy credits from the projects

rather than using the power directly for its own operations.

"These projects will help us continue our commitment to

support all of our operations with 100% clean energy," Urvi

Parekh, Meta's head of global energy, said in a statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer
Sector Update: Consumer
Mar 28, 2024
01:33 PM EDT, 03/28/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%. In corporate news, RH (RH) shares jumped past 17% as the company's fiscal year revenue growth guidance prompted price target raises from analysts. ...
Trader Joe's lawsuit over 'heavy metals' in chocolate is largely dismissed
Trader Joe's lawsuit over 'heavy metals' in chocolate is largely dismissed
Mar 28, 2024
NEW YORK, March 28 (Reuters) - A U.S. judge dismissed most of a lawsuit accusing Trader Joe's of misleading and endangering consumers by failing to disclose that its dark chocolate bars contained harmful levels of heavy metals such as lead and cadmium. In a decision on Wednesday, U.S. District Judge Ruth Bermudez Montenegro in San Diego said consumers in the...
US drillers cut oil and gas rigs for second week in a row - Baker Hughes
US drillers cut oil and gas rigs for second week in a row - Baker Hughes
Mar 28, 2024
March 28 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes ( BKR ) said in its closely followed report on Thursday. The oil and gas rig count, an early indicator of future output,...
Steel Industry Continues To Consolidate As Companies Adapt To New Global Dynamics
Steel Industry Continues To Consolidate As Companies Adapt To New Global Dynamics
Mar 28, 2024
While the multi-billion Nippon Steel ( NISTF )‘s (OTCPK: NISTF) acquisition of U.S. Steel remains one of the hot topics in an election year, smaller transactions are confirming the positive merger and acquisition trend in the steel industry. Acerinox ( ACRXF )‘s (OTCPK: ACRXF) U.S. subsidiary, North American Stainless (NAS), recently finalized the acquisition of Haynes International in an all-cash...
Copyright 2023-2026 - www.financetom.com All Rights Reserved