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Our Approach to Clean and Renewable Energy

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Meta highlights its commitment to sustainable data centers and renewable energy initiatives. The company has matched 100% of its annual electricity use with new renewable energy since 2020, contracting over 12 GW of renewable energy globally. Through partnerships with utilities and developers, Meta has enabled significant renewable energy projects, including a 150 MW geothermal power project and multiple solar installations.

By 2025, Meta's wind and solar projects will have supported $14.2 billion in capital investment throughout the US and created 74,000 jobs over 10 years. Currently, 88 of 117 projects in their portfolio are operational. The company maintains net zero emissions in global operations, having reduced emissions by 94% from 2017 baseline.

Meta sottolinea il proprio impegno per centri dati sostenibili e iniziative di energia rinnovabile. L'azienda ha compensato il 100% del suo consumo annuo di elettricità con nuova energia rinnovabile dal 2020, contrattando oltre 12 GW di energia rinnovabile a livello globale. Grazie a partnership con fornitori e sviluppatori, Meta ha reso possibile significativi progetti di energia rinnovabile, tra cui un progetto geotermico da 150 MW e numerosi impianti solari.

Entro il 2025, i progetti eolici e solari di Meta supporteranno un investimento di 14,2 miliardi di dollari in capitale negli Stati Uniti, creando 74.000 posti di lavoro nell'arco di 10 anni. Attualmente, 88 dei 117 progetti nel loro portafoglio sono operativi. L'azienda mantiene zero emissioni nette nelle operazioni globali, avendo ridotto le emissioni del 94% rispetto al livello del 2017.

Meta destaca su compromiso con los centros de datos sostenibles y las iniciativas de energía renovable. Desde 2020, la empresa ha igualado el 100% de su consumo anual de electricidad con nueva energía renovable, contratando más de 12 GW de energía renovable a nivel mundial. A través de asociaciones con proveedores de servicios y desarrolladores, Meta ha facilitado importantes proyectos de energía renovable, incluyendo un proyecto de energía geotérmica de 150 MW y múltiples instalaciones solares.

Para 2025, los proyectos eólicos y solares de Meta habrán respaldado 14.2 mil millones de dólares en inversión de capital en los EE. UU. y creado 74,000 empleos durante 10 años. Actualmente, 88 de 117 proyectos en su cartera están en funcionamiento. La empresa mantiene emisiones netas cero en sus operaciones globales, habiendo reducido las emisiones en un 94% desde el año base de 2017.

메타는 지속 가능한 데이터 센터와 재생 가능 에너지 이니셔티브에 대한 헌신을 강조합니다. 회사는 2020년 이후 연간 전기 사용량의 100%를 새로운 재생 가능 에너지로 보완했으며, 전 세계적으로 12GW 이상의 재생 가능 에너지를 계약했습니다. 유틸리티 및 개발자와의 파트너십을 통해 메타는 150MW 지열 발전소 프로젝트와 여러 태양광 설치를 포함하여 중요한 재생 가능 에너지 프로젝트를 가능하게 했습니다.

2025년까지 메타의 풍력 및 태양광 프로젝트는 미국 전역에서 142억 달러의 자본 투자를 지원하고 10년 동안 74,000개의 일자리를 창출할 것입니다. 현재 117개 프로젝트 중 88개 프로젝트가 운영 중입니다. 회사는 2017년 기준으로 배출량을 94% 줄이며 전 세계 운영에서 넷 제로 배출을 유지하고 있습니다.

Meta met en avant son engagement envers des centres de données durables et des initiatives en matière d'énergie renouvelable. Depuis 2020, l'entreprise a compensé 100 % de sa consommation annuelle d'électricité par une nouvelle énergie renouvelable, ayant contracté plus de 12 GW d'énergie renouvelable à l'échelle mondiale. Grâce à des partenariats avec des services publics et des développeurs, Meta a permis des projets d'énergie renouvelable significatifs, y compris un projet géothermique de 150 MW et plusieurs installations solaires.

À l'horizon 2025, les projets éoliens et solaires de Meta auront soutenu un investissement de 14,2 milliards de dollars aux États-Unis et créé 74 000 emplois sur 10 ans. Actuellement, 88 des 117 projets de leur portefeuille sont opérationnels. L'entreprise maintient des émissions nettes nulles dans ses opérations mondiales, ayant réduit les émissions de 94 % par rapport à l'année de référence de 2017.

Meta hebt sein Engagement für nachhaltige Rechenzentren und Initiativen zur erneuerbaren Energie hervor. Das Unternehmen hat seit 2020 100% seines jährlichen Stromverbrauchs mit neuer erneuerbarer Energie ausgeglichen und worldwide über 12 GW erneuerbarer Energie vertraglich gesichert. Durch Partnerschaften mit Versorgungsunternehmen und Entwicklern hat Meta bedeutende Projekte im Bereich erneuerbare Energien ermöglicht, darunter ein 150-MW-geothermisches Projekt und zahlreiche Solarinstallationen.

Bis 2025 werden die Wind- und Solarprojekte von Meta 14,2 Milliarden Dollar an Kapitalinvestitionen in den USA unterstützt haben und 74.000 Arbeitsplätze über 10 Jahre geschaffen haben. Derzeit sind 88 von 117 Projekten in ihrem Portfolio in Betrieb. Das Unternehmen hält die Netto-Null-Emissionen im globalen Betrieb aufrecht und hat die Emissionen seit dem Basisjahr 2017 um 94% reduziert.

Positive
  • Contracted over 12 GW of new renewable energy globally
  • Projects will support $14.2B in capital investment by 2025
  • Created 74,000 jobs over 10 years through renewable projects
  • Achieved 94% emissions reduction from 2017 baseline
  • 88 of 117 renewable energy projects are already operational
Negative
  • Less than 5% of 2023 renewable energy purchases come from short-term unbundled RECs

NORTHAMPTON, MA / ACCESSWIRE / December 6, 2024 / At Meta, we work to design, build and operate some of the most innovative and sustainable data centers in the world. They provide the technology that billions of people use every day to connect and build community. Ensuring these world-class data centers are supported by clean and renewable energy is foundational to our approach. We recognize that adding new energy to the grid is important, not only because of our scale and scope as a company, but because we want to play a positive role in the communities in which we operate.

Since 2020, we have matched 100% of our annual electricity use with new renewable energy and have a long history of partnering with utilities and renewable developers to bring new wind and solar energy projects to grids where we operate. As a voluntary buyer of renewable energy, we prioritize supporting high quality, innovative clean and renewable energy projects around the globe, which is key to maintaining net zero emissions for our operations.

A fundamental tenet of our approach to renewable energy is the concept of additionality - partnering with utilities and renewable energy developers to add new projects to the grid. Over the last decade, we've contracted for over 12 GW of new renewable energy across the globe, making us one of the world's largest corporate buyers of renewable energy.

Partnering with utilities to benefit everyone

Key to our utility partnerships is finding ways to grow the grid to benefit everyone, while ensuring we are able to power our operations and contract for enough renewable energy. This includes working closely with our utility partners to support new infrastructure like transmission lines and substations as they modernize their grids.

For more than a decade, we have partnered with local utilities to develop green tariffs to bring new renewable energy sources to the utilities' systems to support our data center operations. Green tariffs enable approximately 50% of our renewable energy portfolio, and also provide a way for other energy customers to voluntarily add renewable energy to the grid. For example, we worked with the Public Service Company of New Mexico (PNM) to add 775 MW of new renewable energy and 100 MW of battery storage in the state. We collaborated with Rocky Mountain Power and Pacific Power to add over 1,700 MW of new renewable energy to the Utah grid.

Supporting quality projects and adding new renewable energy to the grid

Today, electricity load in the US is growing faster than in the past few decades. As this growth occurs, a diverse portfolio of resources is needed to ensure that the grid remains reliable. Meta is committed to doing our part to spur progress in bringing innovative energy technologies to the grid. We recently announced an agreement with Sage Geosystems to support the first deployment of next-generation geothermal power at scale east of the Rocky Mountains. This project-which will deliver up to 150 MW of new geothermal baseload power-will help significantly expand the use of geothermal power in the US and allows us to further diversify our portfolio with this clean, firm and resilient power source. Our commitment to long-term electricity purchases from burgeoning technologies like geothermal provides financial certainty to projects like this, helping them come to the grid faster.

We also routinely partner with renewable energy providers on power purchase agreements (PPAs) to match our operations with renewable energy. We have long-standing experience bringing new renewable energy to the grid and supporting projects that would otherwise not have been built. Our role in the enablement of these projects is offtaker - when developers construct and operate new projects, we purchase the renewable energy that is produced. By 2025 these wind and solar projects will have supported more than $14.2 billion in capital investment throughout the US, in addition to bringing new tax revenue and supporting more than 74,000 jobs over 10 years through project construction.

Economic Impact

$14.2B total capital investment throughout the US by 2025

Jobs Created

74K jobs created over 10 years through renewable energy projects

Currently, 88 of the 117 projects in our portfolio are online and producing power. Long-term financial commitments like these, from companies like Meta, play a critical role in helping these projects get built. We often work to ensure new projects are connected to the same grid as our data centers and prioritize those that contribute the most to grid reliability (e.g., by giving energy to the grid when the grid most needs it), while optimizing for emission reductions. A few key projects include:

  • Partnership with Singapore government agencies to support a 100 MW floating solar project, which will be the largest in the country once completed.

  • Partnership with Highfield Energy Services on one of the largest solar agreements in Ireland, supporting 190 MW of solar from two projects in Wexford and Meath, close to our Clonee Data Center.

  • Partnership with PNM and NextEra Energy Resources on Sky Ranch Solar Energy Center, a 190 MW solar facility paired with a 50 MW 4-hour battery energy storage system, in New Mexico.

The role of renewable energy certificates

Like many companies with renewable energy goals, we receive renewable energy certificates (RECs) from the projects we enable. RECs are essential tracking mechanisms that allow us to maintain a ledger of what clean energy was actually produced each year from our renewable energy projects across different states and countries. In many of the states in which we buy renewable energy, we are not the only buyers - utilities, other corporations, public entities like cities, universities and school districts also utilize RECs to track the delivery of clean electricity. We use the ledger at the end of year to compare these RECs to how much electricity was consumed at all of our offices, data centers and other buildings, and align to the best practices for voluntary corporate renewable energy buyers. And, importantly, we also consult with third party auditors who review and confirm that our energy accounting is accurate.

While the majority of our renewable energy portfolio is contracted through long-term agreements like PPAs and green tariffs, in some markets (particularly outside the US) clean energy procurement options are more limited. In these instances we look for opportunities to structure long-term agreements in a way that supports deployment of new renewable energy projects, in accordance with guidance from industry organizations and standard-setting bodies like RE100 and Greenhouse Gas Protocol. For example, our tax equity transaction with Prospero Solar was a direct investment in a long-term project where we also purchased the RECs via long-term contract to help meet our renewable energy goals. We strive to support quality, long-term projects, and only a small percentage (less than 5% of our reported 2023 renewable energy purchases) of our renewable energy is from short-term unbundled RECs purchases.

Evolving our approach

The quest for reliable, affordable and carbon-free energy solutions is a global challenge that requires multi-faceted exploration and innovation. Since 2020, we have maintained net zero emissions in our global operations. To achieve this, we reduced our emissions by 94% from a 2017 baseline, primarily by matching 100% of the electricity use of our data centers and offices with renewable energy and addressing the remaining emissions with projects that remove carbon from the atmosphere. Our work to bring on new renewable energy projects to the electricity system also means we need new tools and improved greenhouse gas accounting frameworks to drive more targeted investments through an improved understanding of the emissions impacts of our facilities and the projects we support. We work to advance these efforts through partnerships like the Emissions First Partnership, which works to implement better data accounting to promote renewable energy projects in areas where they will have significant emissions impact.

We are continually looking at innovative ways to bring new energy to the grid to maximize the positive impact of the energy projects we support - and we're committed to working with the industry to transform the grid.

View additional multimedia and more ESG storytelling from Meta on 3blmedia.com.

Contact Info:
Spokesperson: Meta
Website: https://www.3blmedia.com/profiles/meta
Email: info@3blmedia.com

SOURCE: Meta



View the original press release on accesswire.com

FAQ

How much renewable energy has META contracted globally?

Meta has contracted over 12 GW of new renewable energy across the globe, making it one of the world's largest corporate buyers of renewable energy.

What is META's investment impact in renewable energy by 2025?

By 2025, Meta's wind and solar projects will have supported $14.2 billion in capital investment throughout the US and created 74,000 jobs over 10 years through project construction.

How many renewable energy projects does META currently have operational?

Currently, 88 out of Meta's 117 renewable energy projects are online and producing power.

What is META's emissions reduction achievement since 2017?

Meta has reduced its emissions by 94% from a 2017 baseline, primarily by matching 100% of electricity use with renewable energy.

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