Tech giants back clean-tech push for data centers
A new clean-tech initiative for data centers, spearheaded by the nonprofit investor Elemental Impact, has garnered support from Amazon, Google, Meta, and Microsoft. This program plans to invest as much as $5 million in each of up to 10 startups by 2027, with the goal of minimizing the environmental impact of the swiftly expanding data center sector.
Key facts
- Amazon, Google, Meta, and Microsoft are backing the initiative.
- Elemental Impact is the nonprofit investor leading the effort.
- Funding of up to $5 million per project will be provided.
- As many as 10 startups will be supported through 2027.
- The initiative focuses on clean technology for data centers.
- The goal is to reduce environmental impact of data centers.
- Data centers are experiencing rapid growth.
- The program runs through 2027.
Entities
Institutions
- Amazon
- Meta
- Microsoft
- Elemental Impact
Sources
- Quartz —