It's hard to ignore Big Tech making moves to acquire energy assets to help power data centers and further embrace sustainability. For example Microsoft (NASDAQ:MSFT) has been implementing an internal carbon tax in the hopes of becoming more carbon neutral. Plus, the tech giant recently announced moving forward a 20-year agreement for 110-megawatt Texas wind farm to be built next year.
Meanwhile, Google (NASDAQ:GOOGL) has thus far spent over $1 billion on various renewable projects (solar, wind, kite power, etc.). Apple (NASDAQ:AAPL) has applied for a wind technology patent, and it announced last week it was building a new manufacturing plant in Arizona, which will be powered by the sun. Intel (NASDAQ:INTC) is now the #1 annual green power user per kilowatt hour in the whole U.S. Suffice it to say, the tech sector is making moves within the energy space that utility companies need to be watching, especially when it comes to clean power distribution and future energy home management.