Latest News In Energy Transition - Oracle Powers Up with Scout's Wind Energy Partnership

What happened: Scout Clean Energy signed a Virtual Power Purchase Agreement with Oracle for the Ranchero Wind Farm in Texas, part of Oracle's plan to invest in more than 1.7 gigawatts of renewable energy projects in Texas. Key numbers: Ranchero Wind Farm operational since 2019, can power about 177,000 homes annually. Oracle aims to match 100% of its AI data center energy needs with carbon-free electricity by 2035. Why it matters: The agreement supports carbon-free electricity and the reliability of the Texas energy grid, and aligns with Oracle's 2035 carbon-free goal for its AI data centers. Market: +0.5% by next close ($1,004.73 on Oct 9), +38.7% YTD

Scout Clean Energy signed a Virtual Power Purchase Agreement with Oracle for the Ranchero Wind Farm in Texas, part of Oracle's plan to invest in more than 1.7 gigawatts of renewable energy projects in Texas.

The agreement supports carbon-free electricity and the reliability of the Texas energy grid, and aligns with Oracle's 2035 carbon-free goal for its AI data centers. Market: +0.5% by next close ($1,004.73 on Oct 9), +38.7% YTD