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24 May 2024

Itochu Unit Signs Renewable Energy Agreement With Google in Japan

24 May 2024  by reuters   

The logo of Itochu Corp is seen outside the company's headquarters in Tokyo, Japan, November 7, 2016. REUTERS/Toru Hanai/File Photo Purchase Licensing Rights
Itochu (8001.T), opens new tab said on Friday it signed a long-term power supply agreement with Google (GOOGL.O), opens new tab to help the search engine company achieve its renewable energy goals in Japan.

Itochu portfolio company Clean Energy Connect (CEC) will start service to Google in 2024 and will provide up to 72 megawatts of solar power to Google by 2026, the Japanese trading house said in a release.

Itochu invested in CEC in November 2021 amid growing demand for renewable energy for generative artificial intelligence and data centre operations.

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