On June 4, Google signed a three-year agreement with Voltus for up to 100 MW of accredited distributed capacity. Voltus will aggregate batteries, smart thermostats, and EVs into a Google-funded Virtual Power Plant (VPP). Google is the first named hyperscaler customer for Voltus's BYOC offering in the PJM Interconnection.
Alphabet is pivoting its capital strategy toward a $85 billion equity issuance to finance the surging costs of AI development and infrastructure.
Read the full storyGoogle signed a three-year deal with Voltus to aggregate distributed energy resources into a 100MW virtual power plant serving the PJM Interconnection grid.
In a major validation of its AI strategy, Alphabet has upsized its historic equity financing package to $84.75 billion, anchored by a substantial $10 billion direct investment from Warren Buffett’s Berkshire Hathaway.