Google and LevelTen Energy have presented a new model to simplify the lengthy and complex process of power-purchase agreements (PPAs) for renewable energy. This partnership moves Google closer to its goal of operating on 24/7 carbon-free energy.
each year, and that trend is on a major growth trajectory. Regardless of who has been in office and what the federal government’s stance has been on climate and energy, Silicon Valley has pressed forward with its purchasing, investing, and development of renewable energies. But these big tech companies are growing frustrated with the extremely long process for purchasing power.
At the rate that the renewable industry is evolving and advancing, and in the context of a particularly volatile moment for the energy market, the current timeline for PPAs is an eternity. “Most critically, the cost of clean power, and the prices that buyers are willing to pay and project developers are willing to offer, can change dramatically,” a recent from Canary Media states.
“A significantly faster and easier RFP process [...] also stands to do much more for the power industry broadly by helping standardize the buying and selling of clean energy,” the press release goes on to say. “This makes it easier for all types of end-use buyers to purchase new additional carbon free energy and expands the marketplace to create access for smaller sellers to participate.
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