Google and Xcel Energy Partner to Add 1.9GW Clean Energy Capacity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2026
0mins
Source: Yahoo Finance
- Clean Energy Partnership: Google and Xcel Energy have entered into an agreement to add 1.9GW of clean energy capacity in Minnesota, which includes 1.4GW of wind, 200MW of solar, and 300MW of storage, aimed at supporting the upcoming data center and enhancing grid reliability.
- Storage Technology Innovation: The project will feature a 300MW iron-air battery from Form Energy, expected to become the largest battery project globally, capable of storing surplus electricity during low demand and releasing it when demand rises, thereby improving grid stability and flexibility.
- Economic Impact: Google will finance all expenses related to its electricity use, including necessary grid upgrades for the data center, while Xcel Energy has committed to not raising electric bills for current customers, which is expected to stimulate local economic activity and support Minnesota's clean energy objectives.
- Community Benefits: Google's Data Center Energy head stated that by integrating new carbon-free energy and pioneering long-duration storage with Xcel Energy, they aim to build a more resilient power system that benefits the entire community, with the Minnesota Chamber of Commerce expressing excitement over the partnership and its anticipated economic benefits.
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Wall Street analysts forecast GOOG stock price to rise
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Current: 306.010
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Current: 306.010
Low
255.00
Averages
336.08
High
400.00
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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