By adopting strategies like securing Power Purchase Agreements (PPAs), investing in on-site renewable energy, and leveraging advanced cooling technologies, data centers can reduce their environmental impact while meeting power needs.

The agreement includes more than 10.5 GW of wind, solar, and “new or impactful carbon-free energy generation technologies.”

The report, North America Q1 2024 PPA Price Index, follows LevelTen Energy’s report from earlier this year, that showed North American P25 PPA offer prices rose by 4% in Q4 of 2023.

A growing imbalance between power purchase agreement supply and demand, along with “skyrocketing” development costs, lifted PPA prices 9.7% during the first quarter of 2022 to nearly $40 per MWh, according to LevelTen’s Q1 PPA Price Index report.  The firm said that year-over-year, that represents a 28.5% increase, which it called “astounding.” The firm said, however, that large energy buyers

There’s an opportunity to go beyond the clean energy PPA, and more effectively decarbonize the grid through hourly load matching.