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Denmark's European Energy Signs Long-term Power Deals with Microsoft

FILE PHOTO: Microsoft signage is seen at the company's headquarters in Redmond, Washington, US, January 18, 2023. REUTERS/Matt Mills McKnight/File Photo
FILE PHOTO: Microsoft signage is seen at the company's headquarters in Redmond, Washington, US, January 18, 2023. REUTERS/Matt Mills McKnight/File Photo
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Denmark's European Energy Signs Long-term Power Deals with Microsoft

FILE PHOTO: Microsoft signage is seen at the company's headquarters in Redmond, Washington, US, January 18, 2023. REUTERS/Matt Mills McKnight/File Photo
FILE PHOTO: Microsoft signage is seen at the company's headquarters in Redmond, Washington, US, January 18, 2023. REUTERS/Matt Mills McKnight/File Photo

Danish renewables group European Energy has entered into several long-term power purchasing agreements (PPAs) with Microsoft to supply the US tech firm with green electricity, the Copenhagen-based company said on Wednesday.
"The renewable energy will be produced by a portfolio of wind and solar assets in Sweden and Denmark," European Energy said in a statement.
It will under the agreements deliver more than 3.6 terawatt hours (TWh) over the contract period, supporting Microsoft's goal to meet all its energy demand with power from renewable sources by 2025 and be carbon negative by 2030, it said.

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Germany Says Aims to be World Leader in Quantum Technologies

German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
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Germany Says Aims to be World Leader in Quantum Technologies

German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)

German Chancellor Olaf Scholz vowed to support the development of quantum technologies, saying at the opening of an IBM data center on Tuesday that investment in the sector was crucial for the future of Europe's biggest economy.

"Our goal is clear: to be global leader in quantum technologies," said Scholz, adding Germany had invested 2 billion euros ($2.22 billion) on quantum technology since 2020.

"This is the basis of our economic success and prosperity," he said at the opening of IBM's Quantum European Data Center in Ehningen, a roughly 290-million-euro investment. The center will allow users in Europe and elsewhere to access services for cloud-based quantum computing research, Reuters reported.

Quantum computers could operate millions of times faster than advanced supercomputers. So far, the United States and China have led the technology.

Other projects in Germany include the joint development of quantum processors by Infineon and eleQtron GmbH.
Scholz said Germany was focused on semiconductors, AI, pharmaceuticals and bio- and climate technologies.
"These are the areas we need to lead," said Scholz.