Tech company Google signed its first corporate agreement for geothermal energy in Taiwan.
The corporate power purchase agreement (PPA) was signed with Baseload Capital, a global geothermal developer, to accelerate the clean energy source across Asia Pacific and globally, according to a statement. The initial projects will add 10 megawatts (MW) of power to the grid and help catalyze Taiwan’s geothermal market.Â
Building on Google’s recent partnership to support a one-gigawatt (GW) pipeline of solar development in Taiwan, these geothermal PPAs reflect the company’s commitment to advance a suite of energy solutions to support its local data center and operations with clean electricity.
Geothermal, which taps into underground heat to generate clean electricity, provides significant potential for places like Taiwan. With its unique geological position along the Pacific Ring of Fire, Taiwan has access to substantial geothermal resources, offering stable and reliable baseload power to complement variable renewable energy technologies like solar and wind.
Google’s long-term partnership with Baseload Capital includes an equity investment in the company. Since 2019, Baseload Capital’s subsidiary, Baseload Power Taiwan, has been actively conducting local geothermal resource exploration, engaging closely with local communities and working with the Taiwan government to improve the regulatory and permitting framework for geothermal energy.Â
Since Google signed the first corporate PPA for solar power in Taiwan in 2019, the tech company has worked to accelerate clean energy development and meet electricity demand from its local data centers and offices.
Google is working to develop and commercialize the next generation of geothermal technologies through its enhanced geothermal project with Fervo Energy and to uncover the potential of geothermal around the world through its subsurface data partnership with Project Innerspace. In the Asia-Pacific region, the company is also partnering to advance new research into the development of geothermal energy in Australia.