Google pioneers clean transition tariff with NV Energy to boost clean energy access
Google has announced a novel partnership with NV Energy, aimed at creating a sustainable energy grid to support America's burgeoning electricity demands. This collaboration introduces the innovative Clean Transition Tariff (CTT), a model that could potentially revolutionize energy procurement across the United States.
Since its inception, Google has led the charge in adopting renewable energy sources like solar and wind through Power Purchase Agreements (PPAs). However, the limitations of PPAs, notably their disconnection from broader grid strategies and the variability of renewable sources, have prompted the need for more robust solutions. This new model addresses these challenges by fostering investments in "clean firm capacity" technologies, such as enhanced geothermal, long-duration energy storage, and advanced nuclear power.