Google is reinventing the clean power market [Yahoo! Finance]
Southern Company (The) (SO)
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Source: Yahoo! Finance
for low-carbon power projects that have been too expensive for utilities to pursue on their own. Google revealed last week that it had signed a first-of-its-kind deal involving the Nevada utility NV Energy and the geothermal power startup Fervo. The Nevada deal is an untested iteration on the traditional power purchase agreement (PPA), a type of clean power contract that Google also pioneered nearly a decade ago. Under the contract (the value of which wasn't disclosed), Google will pay a higher rate for power at its Nevada data centers and other facilities. In exchange, NV Energy will commit to a long-term deal to buy 115 megawatts of newly-built geothermal power from Fervo. Now, Google is working on deals following the same approach with utilities including AEP, Dominion, Southern Company, and the Tennessee Valley Authority, Caroline Gollin, Google's global head of energy market development and innovation, told Semafor. Those deals will go beyond geothermal, and could include adv
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News
- U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says [MSNBC.com]MSNBC.com
- U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says [CNBC]CNBC
- Announcing the Winners of the 2024 Bulldog PR Awards [Yahoo! Finance]Yahoo! Finance
- Why Southern Co. (SO) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Innovative Certified Natural Gas Trading Marketplace CG Hub Marks One-Year Anniversary [Yahoo! Finance]Yahoo! Finance
SO
Earnings
- 5/2/24 - Beat
SO
Sec Filings
- 6/18/24 - Form 4
- 6/17/24 - Form 144
- 6/5/24 - Form 4
- SO's page on the SEC website