Google and Energix Partner to Power AI Data Centers with Solar Energy

Energix Renewables announced on Tuesday a long-term agreement with Alphabet’s Google to supply electricity and renewable energy credits (RECs) from its solar projects to the tech giant. As Google’s AI data centers rapidly expand, the company, like other major technology firms, is increasingly securing electricity supply agreements with renewable energy providers.

What's the Deal?

Initially, Energix will deliver 1.5 gigawatts (GW) peak of solar project capacity by 2030, with the potential for further expansion. As part of the deal, Google will also provide tax equity to Energix, facilitating the transfer of RECs under President Biden’s Inflation Reduction Act. This act allows corporations to acquire RECs, which support the development of clean energy storage projects across the United States.

Morgan Stanley served as the exclusive financial advisor to Energix for this agreement.

About Energix

Energix US, LLC, is an independent power producer that develops, constructs, owns, and operates renewable energy projects in the US. The company is headquartered in Arlington, Virginia, and is the subsidiary of an Israeli publicly traded renewable energy company (TASE:ENRG).