German utility RWE and tech giant Amazon announce partnership

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German utility RWE and tech giant Amazon announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services.

The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE’s wind and solar facilities, some of which are already in operation and some are under construction.

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RWE is a major utility in Europe with a large portfolio of renewable energy both in operation and in development which it can then sell to Amazon…



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German utility RWE and tech giant Amazon announce partnership


German utility RWE and tech giant Amazon announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services.

The cloud services cover artificial intelligence and data analytics in exchange for electricity supplied from RWE’s wind and solar facilities, some of which are already in operation and some are under construction.

Context

RWE is a major utility in Europe with a large portfolio of renewable energy both in operation and in development which it can then sell to Amazon…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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