Equinix Stock (EQIX) Partners With Energy Firms to Power Global Data Centers

Equinix, Inc. (NASDAQ:EQIX) is one of the AI Stocks In The Spotlight For Investors. On August 14, the company announced that it is working with leading energy companies to support the needs of Equinix data centers worldwide amid increasing global electricity demands.

The move reflects Equinix’s diversified portfolio power strategy to help alleviate potential power constraints in the future, leveraging advanced power technologies and working directly with utilities to strengthen the grid.

Not only has the company announced funding and supporting advanced transmission system upgrades with utility partners, but also investments in power solutions such as fuel cells and natural gas in order to enhance its operations while adding capacity resources to the grids.

In the future, the company also intends on supporting the development of advanced nuclear technologies to produce reliable, clean power.

Currently, Equinix’s partnerships include those with next-generation nuclear technology providers, including Oklo (500MW), Radiant (20 microreactors), ULC-Energy (250 MWe), and Stellaria (500 MWe).

Its investments in power solutions include an agreement with Bloom Energy to expand the deployment of solid-oxide fuel cells to more than 100MW at over 19 data centers in six states for power generation.

The company has achieved 96% renewable energy coverage globally, with 250 sites operating on 100% renewable energy in 2024. It plans on reaching 100% clean and renewable energy across its global portfolio by 2030.

“Access to round-the-clock electricity is critical to support the infrastructure that powers everything from AI-driven drug discovery to cloud-based video streaming. As energy demand increases, we believe we have an opportunity and responsibility to support the development of reliable, sustainable, scalable energy infrastructure that can support our collective future. By working with our energy partners, we believe we can support the energy needs of our customers and communities around the world by helping to strengthen the grid and investing in new energy sources.” -Raouf Abdel, Executive Vice President of Global Operations at Equinix.

Equinix, Inc. (NASDAQ:EQIX) is a pure-play data center provider.

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