Can you fathom the amount that Google is going to invest to become completely clean?
With traditional ways of generating electricity becoming too expensive and obviously having an adverse effect on the environment, one advantage of having lots of liquid capital in a company like Google is that you can easily afford to look into other suitable alternatives of generating power. The tech company is aiming to be a completely clean energy by the year 2025 but in order to reach its goal, Google is going to have to make huge investments. When we talk about huge investments, their total amount exceeds the values of several emerging and growing startup firms.
According to the latest quarter of its financial results, Google spent $2.25 billion on data center and infrastructure spending. This is one of the reasons why the company is moving towards clean energy, so that not only its data centers, but also its physical offices consume energy, and will contribute to the environment as well. In fact, all the top tech companies ranging from Facebook. Apple, Microsoft to Google consume huge amounts of power in order to power up their data centers, which is why each of them is attempting to finish first at being the first ever company to adopt clean energy.
For now, it looks like Google has a comprehensive lead because according to the latest information, the company is aggressively investment in this venture, with more than 15 wind and solar investments totaling more than $1 billion under its belt. According to Rick Needham, Google’s director of energy and sustainability, this is what he had to say about the company’s direction:
“We’ve invested over a billion dollars in 15 projects that have the capacity to produce two gigawatts of power around the world, mostly in the U.S., but that’s the equivalent of Hoover’s Dam worth of power generation.”
Google has also managed to secure partners and has begun working on the world’s largest solar thermal project in Ivanpah. This project will use a total of 347,000 sun-facing mirrors to produce 392 megawatts of electricity. Not only will this be able to power up the company’s data centers, but it will also provide clean energy to more than 140,000 California homes.
2025 is a long way off, and no doubt that Google is going to be encountering several obstacles along the way. However, in pursuit of becoming a clean energy company, we believe that the company will be able to achieve its goal, as long as it has the cash in liquidated form.