Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best AI Stocks to Buy for the Next 10 Years. On March 19, Reuters reported that Alphabet Inc.’s (NASDAQ:GOOGL) Google has signed agreements with five US electric utilities, ranging from Arkansas to Minnesota. The company said these deals aim to reduce electricity use during times of peak demand.
Google is making efforts to secure power for its rapidly growing data centers, especially as new energy supply is being added slowly. Under these “demand response” deals, the company will cut down electricity consumption at some of its data centers when the grid is under heavy pressure. Michael Terrell, Google’s head of advanced energy, said that “this is a really important tool for meeting future demand.”
Alphabet Inc.’s (NASDAQ:GOOGL) Google has now entered into agreements with Entergy Arkansas, Minnesota Power, and DTE Energy. These add to earlier agreements made last year with Indiana Michigan Power and the Tennessee Valley Authority. Under these deals, the company can curtail up to 1 gigawatt of its data center electricity demand during peak periods, when the risk of blackouts is highest.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android. It specializes in areas like AI, cloud computing, and hardware.
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