Friday, 19 March 2021
Repsol and Microsoft Corp. have renewed their strategic collaboration focused on accelerating Repsol’s digital transformation and the global energy transition. The companies will co-innovate to build new AI-powered digital solutions, and as part of a long-term cooperation, Repsol will provide Microsoft with renewable energy in Europe, including Spain. It is worth noting that Microsoft has signed a 24/7 Matching solution agreement with Vattenfall that allows for hourly matching of renewable energy generation for their Swedish data centers earlier in November 2020.
Microsoft announced that it will source 100 percent of its energy supply from renewable energy by 2025, and Repsol has a goal of having a generation capacity of 7.5 GW by 2025 and 15 GW in 2030. Initial focus areas for the colloboration include the use of disruptive technologies to enable autonomous systems and efficient operations, improve productivity and safety for employees, and support the development of advanced energy solutions such as biofuels, energy storage, and more. Microsoft and Repsol share similar ambitions around the importance of reducing carbon emissions.
“Today the world is confronted with an urgent carbon crisis, and we have an opportunity to apply advances in digital technology to help the energy industry transition to a more sustainable future,” said Satya Nadella, CEO, Microsoft. “The extension of our collaboration and the supply of renewable energy undoubtedly reaffirms the vision that both companies share about sustainability and how digitalization will transform the energy sector,” said Josu Jon Imaz, Repsol CEO.
Today’s announcement builds on the progress Repsol and Microsoft have made since the start of their collaboration in 2017. Through a focus on cloud solutions, the companies have set the foundation for transforming operations for Repsol, including enabling real-time decision making through data analysis and increasing operational and employee safety.