Reportedly, Google, a division of Alphabet, has teamed up with NV Energy, a Berkshire Hathaway-owned utility company, to power its Nevada-based data centers using geothermal electricity.
Zero-Carbon Efforts Gain Steam
Google, which has been carbon-neutral since 2007, is pushing hard to achieve net-zero emissions across its operations and value chain by 2030.
Shifting to Clean Energy Sources
The company is transitioning to geothermal energy, leveraging the naturally occurring underground heat to generate renewable electricity, a stark contrast to solar and wind power that rely on external conditions like sunshine and wind.
Industry-Wide Environmental Initiatives
Aligned with the technology sector’s green shift, other major players like Amazon, Microsoft, and Lam Research are also taking steps to reduce their carbon footprints and slash energy costs substantially.
Investor-Friendly Sustainability Measures
In a landscape where ESG factors hold paramount importance, Alphabet, carrying a Zacks Rank #1 (Strong Buy), is poised to attract investor confidence through its relentless efforts to decrease its carbon impact.
Alphabet has surged by 25.6% year-to-date, outperforming the Zacks Computer & Technology sector’s 10.2% return.
