RWE and Amazon Forge Strategic Partnership: Exchanging Clean Energy for AI and Cloud Services

German utility RWE and tech giant Amazon announce partnership

PARIS, June 12 (Reuters) - German utility RWE (RWEG.DE), opens new tab and tech giant Amazon (AMZN.O), opens new tab 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 or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. KEY QUOTES "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS's data centre infrastructure, he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. BY THE NUMBERS Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. WHAT'S NEXT Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said. Reporting by Forrest Crellin; Editing by Emelia Sithole-Matarise Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial IntelligenceGrid & InfrastructureSolarWindClean Energy

German utility RWE and tech giant Amazon announce partnership

German utility RWE and Amazon have formed a strategic partnership, exchanging clean energy from RWE's wind and solar projects for Amazon's AI and cloud services. The deal supports Amazon's green energy goals and RWE's digital transformation, with plans to expand collaboration in renewables, data centers, and energy-focused AI development.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 or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS's data centre infrastructure, he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. By the numbers Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. What's next? Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said.

RWE stock rises after signing strategic framework agreement with AWS By Investing.com

Investing.com -- RWE (LON:0HA0) stock climbed 1% after the German energy company announced it has signed a Strategic Framework Agreement with Amazon (NASDAQ:AMZN) Web Services (AWS), supporting both companies' strategic initiatives. The agreement involves RWE supporting Amazon's sustainability efforts through renewable energy projects, while AWS will provide cloud services to advance RWE's digital transformation. As part of the announcement, RWE confirmed it has already executed seven Power Purchase Agreements (PPAs) with Amazon in the US, representing approximately 1.1 Gigawatts of capacity. AWS will deliver cloud services to enhance RWE's digitalization efforts, including data analytics and artificial intelligence capabilities. The company highlighted that RWE Supply & Trading has already seen 30% performance improvements for end-of-day runtimes through these digital initiatives. Barclays (LON:BARC) noted that "the statement that it has signed a Strategic Framework Agreement with AWS (#1 data center owner globally) should receive positive investor attention." The partnership represents a significant step for RWE in expanding its renewable energy footprint while leveraging AWS's cloud expertise to drive operational efficiencies across its business.

German utility RWE and tech giant Amazon announce partnership

PARIS (Reuters) -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 or other data centre hyperscalers to help companies reach green energy targets. The partnership announcement is a start, with ties expected to develop and deepen between the two companies, RWE said. KEY QUOTES "(The strategic partnership) enables us to focus and look at longer term options in more detail," said Simon Stanton, RWE's head of Global Partnerships and Transactions. These longer-term options include the development of renewables, power purchase agreements, and enabling the build out of AWS's data centre infrastructure, he added. "Advancing digitalization and electrification are also driving up demand for electricity," Chief Commercial Officer of RWE Supply & Trading, Ulf Kerstin, said. "Our competitive portfolio of renewable and flexible energy generation is ideally suited to meet this demand," he added. BY THE NUMBERS Amazon has contracted around 1.1 gigawatts of renewable energy across seven power purchase agreements with RWE in the United States, the statement said. RWE's Supply & Trading division has also migrated mission-critical applications to AWS cloud services, including their Energy Trading and Risk Management platform enabling 30% performance improvements with end-of-day runtimes, it said. WHAT'S NEXT Going forward Amazon will support RWE's continued innovation in trading, commercial asset optimization including renewables, and energy AI applications, the announcement said. The collaboration will deepen ties to RWE's AI Research Laboratory in Seattle to accelerate the development of advanced AI forecasting models through large computational power and cloud elasticity, it said. (Reporting by Forrest Crellin; Editing by Emelia Sithole-Matarise)