Alphabet’s Google Awards PPAs to Clearway Energy to Receive Carbon-Free Energy For Its Data Centers

Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 Best S&P 500 Stocks to Look For in 2026.

On January 15, Alphabet Inc.’s (NASDAQ:GOOGL) Google recently awarded three new long-term power purchase agreements (PPAs) to Clearway Energy Group, Inc. (NYSE:CWEN), as reported by Clearway Energy. This development is part of Clearway’s 2025 plan, which includes three projects in states including Missouri, Texas, and West Virginia. These projects total approximately 1.17 GW of carbon-free energy projects.

As per the latest agreement with Google, Clearway will provide carbon-free energy to domestic grids to assist Google’s data centers in SPP, ERCOT, and PJM. This agreement has a lifespan of 20 years, which will help in driving economic growth across local communities. These projects represent a combined total investment of $2.4 billion in reliable energy infrastructure. The construction on these projects is expected to begin in 2026, with the initial sites estimated to go live in 2027 and 2028.

Alphabet's Google Awards PPAs to Clearway Energy to Receive Carbon-Free Energy For Its Data Centers

Photo by Kai Wenzel on Unsplash

In other news, on January 13, TheFly reported that John Blackledge from TD Cowen raised the price target on Alphabet Inc. (NASDAQ:GOOGL) from $350 to $355. Blackledge pointed out that Google Search offers the highest return on investment and best measurement. The analyst believes Google will retain its leadership in worldwide digital advertising, according to its latest advertising buyer survey.

Alphabet Inc. (NASDAQ:GOOGL) provides a range of products and platforms worldwide, including its eponymous search engine. The company operates through Google Services, Google Cloud, and Other Bets segments.

While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.