Microsoft and Qcells announce strategic alliance to curb carbon emissions and power the clean energy economy

-Qcells intends to offer greater than 2.5 gigawatts of photo voltaic panels and EPC companies to photo voltaic mission builders in partnership with Microsoft -The primary-of-its-kind collaboration is rooted within the firms’ collective commitments to diversify the worldwide power provide chain and cut back carbon emissions

SAN FRANCISCO – Jan. 25, 2023 – Qcells, a world photo voltaic chief investing in constructing a US photo voltaic provide chain, and Microsoft Corp., a world know-how firm dedicated to turning into carbon damaging by 2030, have partnered to can create a steady provide. chain for brand new renewable electrical energy capability projected to require at the very least 2.5 gigawatts of photo voltaic panels and associated companies – equal to powering greater than 400,000 properties.

Qcells, owned by Seoul-headquartered Hanwha Options, will accomplice with Microsoft to develop photo voltaic initiatives in addition to present panels and engineering, procurement and building (EPC) companies to chose photo voltaic initiatives contracted by Microsoft via energy buy agreements (PPAs).

Microsoft is dedicated to buying renewable power with the aim of reaching 100% protection of electrical energy consumption with renewable power by the yr 2025. Microsoft is increasing its sustainability actions to assist home manufacturing of inexperienced power. tools within the areas it operates all over the world. Microsoft helps Qcells’ photo voltaic merchandise, together with domestically produced ones, to carry extra renewable power to the grid. Qcells is the one US firm with an entire photo voltaic provide chain and gives a one-stop clear power resolution.

Responding to the rising demand for a sustainable photo voltaic worth chain.

This alliance is the primary time an power buying firm has labored immediately with a photo voltaic provider to make use of clear power on a big scale. The brand new collaboration is rooted within the collective commitments of each firms to diversify the worldwide power provide chain, actively main the event of extra dependable power provide chains in the USA and overseas. , and cut back carbon emissions.

“Constructing a powerful photo voltaic power provide chain is vital to the event of a world inexperienced power financial system. Microsoft’s partnership with Qcells will assist make this imaginative and prescient a actuality by bringing of innovation and funding in rural Georgia,” stated Brad Smith, vice chair and president, Microsoft. “As one of many largest patrons of renewable power on the planet, this work will assist carry extra photo voltaic power to the grid, quicker.”

“We try to construct and ship turnkey clear power options, together with these made in America, and this partnership with Microsoft will assist obtain this imaginative and prescient,” stated Justin Lee, CEO of Qcells. . “Additionally, Qcells is proud to play a job with Microsoft in bringing extra renewable power on-line within the coming years. This primary step is just the start of an excellent partnership that not solely helps our two firm however serving to to offer a clear power future for patrons and communities.”

The rising demand for American-made photo voltaic merchandise is predicted to facilitate the transition of Qcells right into a one-stop store for clear power options. As the one firm within the US with an entire photo voltaic provide chain, Qcells goals to grow to be a number one developer for photo voltaic and different clear power options resembling power storage methods. Combining its rising experience in EPC with clever power administration methods, Qcells will proceed to offer full clear power options and lead the worldwide combat towards local weather change.

Microsoft (Nasdaq “MSFT” @microsoft) allows digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each group on the planet to realize extra.