Tech giants back new data center climate initiative
Summary
Microsoft, Google, Amazon, and Meta have joined a nonprofit called Elemental Impact to support new technologies in data centers. The goal is to use data centers to test and develop cleaner energy methods that reduce pollution and address community concerns.Key Facts
- The initiative is led by Elemental Impact, a nonprofit investment firm focused on clean technology.
- It targets advanced cooling, energy storage, and low-carbon building materials for data centers.
- Data centers use a lot of electricity, which increases fossil fuel use and emissions.
- Elemental Impact plans to invest $500,000 to $5 million in up to 10 startups by 2027.
- The major tech companies helped fund the initiative and pay membership fees but have not committed more money yet.
- The project also has support from philanthropic groups like Breakthrough Energy and Builders Vision Philanthropy.
- The initiative aims to help startups connect with data center developers to quickly test new technologies.
- Microsoft said this effort fits into its wider plan to address community concerns about energy use and environmental impact.
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