Please ensure Javascript is enabled for purposes of website accessibility

Alphabet's Google Targets Carbon-Free Operation by 2030

By Eric Volkman – Sep 15, 2020 at 8:26PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

This is part of the company's general aim to utilize only renewable energy for all its facilities.

Ever an ambitious company, Alphabet (GOOG -1.65%) (GOOGL -1.40%) now aims to make its core Google business entirely carbon-free within a decade.

In an interview with Reuters, Alphabet CEO Sundar Pichai said that Google's sprawling network of data centers and offices will be powered by electricity that is entirely emissions-free by 2030. This deepens the company's commitment to renewable consumption. It previously set a goal of using only renewable energy in its operations.

A solar array drawing power from the shining sun.

Image source: Getty Images.

"The problem is so immense, many of us need to lead the way and show solutions," Pichai told the news agency. "We're one small player in this, but we can set an example."

Alphabet/Google plans to achieve this by ramping up its use of geothermal energy and relying on batteries that store solar power. The company also aims to improve its management of power resources generally.

Alphabet is overwhelmingly dominant in the bustling segment of online search, with Google's market share estimated at over 90%. The company has numerous business units and is active in many different areas of tech, but search remains what it is most strongly identified with.

Google isn't that far from its goal of 100% renewables consumption. According to the article, such "green" sources comprised 61% of its worldwide hourly electricity usage in 2019. However, there are significant disparities across different Google facilities. One Oklahoma data center had a rate of 96%, for example, while a facility in Singapore came in at only 3%.

On Tuesday, both classes of Alphabet stock rose on the day to eclipse the gain posted by the S&P 500 index.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares). The Motley Fool has a disclosure policy.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.