Clean Energy Agreements

Google Backs Fusion Power with a Historic Energy Deal

References: esgtoday

Google announced a landmark clean energy agreement, signing the largest-ever corporate power purchase for fusion energy. The tech giant will buy electricity in the future from Commonwealth Fusion Systems (CFS) ’s planned fusion power plant (ARC), expected to be the world’s first grid-scale fusion facility in the early 2030s. Google is also investing in CFS to accelerate the commercialization of fusion technology.

Fusion energy -- often called the 'holy grail' of clean power -- produces no carbon emissions and minimal long-lived waste, but has remained technically elusive. By committing now to offtake power from CFS’s ARC reactor (under development in Virginia), Google provides financial support and market certainty for the project. Executives stated this long-term bet on fusion aligns with Google’s goal to meet its massive data centers’ electricity needs with zero-carbon sources, and could 'help prove out and scale' a transformative energy solution.