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0 0 8.78040214242262E-05 8.78040214242262E-05 0.00166827640705955 -0.000614628149969209 -0.00184388444990775 -0.00184388444990775
Stock impact report

Amazon continues renewable energy spree with 476 MW purchase [TechCrunch]

IBERDROLA SA S/ADR (IBDRY) 
NASDAQ:AMEX Investor Relations: iberdrola.com/shareholders-investors
Company Research Source: TechCrunch
The power purchase agreements with multinational utility Iberdrola should help Amazon feed new data centers it has planned in the region. Last May, the company said it would invest $17 billion in infrastructure projects, including data centers, in Spain. Amazon's power bill has been soaring lately as it adds data centers to deal with rising demand for AI and cloud services. One of the projects that Amazon is buying into — the Tâmega wind farm — is being built alongside a massive hydroelectric dam system in Portugal. The complex consists of a total of three dams, one of which is an 880-megawatt pumped-storage dam. Pumped-storage facilities have two reservoirs, one higher in elevation, one lower. When power is needed, water is released from the upper reservoir to spin turbines. When there's excess power, massive pumps shift water from the lower reservoir to the upper one. Pumped storage is, in effect, a massive battery. The 274-megawatts of wind turbines being installed at Tâme Show less Read more
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