Clean Energy Credit purchase agreement including nuclear power marks a first for both companies
Microsoft will procure Clean Energy Credits (CECs) sourced from OPG's carbon-free hydro and nuclear assets in
Revenue raised through sale of CECs can be used to benefit ratepayers and support investments in new clean generation in the province, helping to meet increased demand for electricity to power
Along with the purchase of CECs from OPG, the two companies will also collaborate on several important sustainability initiatives, including:
- Co-developing an hourly energy matching platform that utilizes Microsoft Azure IoT and AI technology to match a customer's power needs with local carbon-free energy sources, giving customers greater transparency and accuracy on their emissions impact.
- OPG has chosen Microsoft's Azure as its cloud platform to modernize applications, IT infrastructure and services. By accelerating migration to the cloud and transforming business operations, OPG will also reduce its carbon footprint.
- OPG and Microsoft will explore digital co-innovation opportunities to accelerate OPG's Small Modular Reactor (SMR) program, with a goal of developing a service that other global energy providers can leverage in the future to deploy SMRs locally to fast-track clean energy solutions.
- Beyond the CEC agreement currently in place, under a recently signed Memorandum of Understanding, Microsoft and OPG will evaluate procurement of CECs associated with the carbon-free energy produced by the soon-to-be-constructed SMR at the
Darlington New Nuclear Project site.
As part of the partnership, OPG has also joined the CEO Pledge, an initiative launched by
"This innovative partnership will not only spur economic development in
"We can only address climate change by tackling the challenge collectively. Agreements like this one with OPG will help Microsoft move closer to achieving our sustainability commitments, including our goal of having 100 percent of our electricity consumption, 100 percent of the time, matched by zero carbon energy purchases by 2030." said
"As environmental goals increasingly influence corporate decisions on where to invest and grow, this partnership between OPG and Microsoft illustrates the potential for
As a global climate change leader and the largest, most diverse electricity generator in the province, OPG and its family of companies are helping lead the charge to a post-carbon economy. For more information, please visit www.opg.com.
Established in 1985,
SOURCE
© Canada Newswire, source