Google and other tech giants are working with energy companies to create trading exchanges for renewable energy, with the goal of making it easier for buyers and sellers to connect and transact. – The effort, which includes companies like Google, Microsoft, Amazon, and Salesforce, is part of a broader push to decarbonize the global economy. – The exchanges would allow buyers and sellers of renewable energy to trade contracts for the delivery of electricity at a specific time and price. – This would help to make the market for renewable energy more liquid and transparent, and it could also help to reduce the cost of renewable energy for consumers. – The effort is still in its early stages, but it has the potential to make a significant contribution to the fight against climate change. – If successful, it could help to accelerate the transition to a clean energy future. – Here’s a look at what we know so far about the effort: – **Who’s involved?** – The effort is being led by the Rocky Mountain Institute, a non-profit research organization that focuses on sustainability. – Other participants include Google, Microsoft, Amazon, Salesforce, and a number of energy companies, such as NextEra Energy, Enel, and Engie. – **What’s the goal?** – The goal of the effort is to create a more liquid and transparent market for renewable energy. – This would make it easier for buyers and sellers to connect and transact, and it could also help to reduce the cost of renewable energy for consumers. – **How would it work?** – The exchanges would allow buyers and sellers of renewable energy to trade contracts for the delivery of electricity at a specific time and price. – This would provide more certainty for both buyers and sellers, and it could also help to reduce the risk of price volatility. – **What’s the timeline?** – The effort is still in its early stages, but the participants are hoping to have a working exchange up and running within the next year. – **What’s the potential impact?** – If successful, the effort could help to accelerate the transition to a clean energy future. – By making it easier to trade renewable energy, it could make it more affordable and accessible for consumers. – This could help to reduce greenhouse gas emissions and mitigate the effects of climate change. – The effort is a significant step forward in the fight against climate change. – If successful, it could help to make renewable energy more affordable and accessible for consumers, and it could also help to accelerate the transition to a clean energy future..
Google, energy giants in new energy trading push
