The IT sector’s largest companies have set goals of becoming fully carbon neutral for Scope 1 and Scope 2 emissions by 2030. To reach that goal, the sector will need to add a minimum of 40 GW of renewable energy generation capacity, presumably under PPA before 2030.
While big tech is the largest corporate contractor of PPAs, the companies have shown no ambition to move into the energy industry themselves. It largely views the energy sector as a supplier to meet its energy needs and a potentially interesting client moving forward.
This report looks at the activities of the sector in the energy transition and assesses the opportunities and threats it may pose to the energy sector. Note: Lux analysts have reviewed this content in the last six months and deemed it still current and relevant. We will continue to periodically review content for recency and relevance, and will either archive or refresh this content as the situation requires.
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