Oracle, a multinational computer technology and cloud computing company, has entered into renewable energy supply agreements with ENGIE North America (ENGIE), to secure 568 MW of renewable electricity for its technology infrastructure and cloud operations in Texas to support the growing energy requirements of Oracle’s data centers and other technology facilities while increasing the use of renewable power.
According to a press release, the agreements cover wind power resources serving the Electric Reliability Council of Texas (ERCOT) market. Oracle is expanding its AI and cloud infrastructure in the state, increasing its electricity demand. The companies did not disclose the financial terms of the agreements.
Julia Robin, Head of Infrastructure Planning and Sourcing, Oracle Cloud Infrastructure, said, “Oracle is taking a responsible approach to meeting the energy needs of our growing AI and cloud operations in Texas investing in carbon-free electricity without shifting costs to consumers, Our agreements with ENGIE advance Oracle’s goal to match 100 percent of our AI data center electricity use with carbon-free electricity by 2035, while supporting long-term economic growth with no cost impact to the state of Texas.”
Anne-Laure Chassanite, Interim CEO, ENGIE North America, said, “ENGIE has invested heavily in developing new generation resources across North America, and we’re pleased to support Oracle as it continues to expand its operations in Texas. These agreements reflect the strength of our portfolio and our ability to deliver customized energy solutions that help customers meet their business objectives.”
The agreements come as electricity demand in Texas is rising, driven in part by the expansion of data centers and other large electricity users. ENGIE has developed 12 GW of renewable generation and battery storage capacity in North America over the past six years. Oracle’s agreements with ENGIE are part of its plans to match 100 percent of the electricity used by its AI data centers with carbon-free electricity by 2035.