Amazon, Repsol Launch Renewable Energy, Digital Transformation Collaboration
Spanish energy company Repsol and Amazon Web Services (AWS) announced today a new collaboration aimed at advancing both companies’ sustainability goals. Under the new collaboration, AWS will help advance Repsol’s digital transformation, and Repsol will supply renewable energy to power Amazon’s business operations.
As part of the collaboration, the two companies executed power purchase agreements (PPA) to supply Amazon with renewable energy generated from Repsol’s 234 MW of solar and wind installed capacity in Spain. Amazon is the largest corporate buyer of renewable energy in the world, and the deal marks the latest in a major series of agreements for the company to source clean energy to power its operations around the world.
Howard Gefen, AWS General Manager of Energy, said:
“This collaboration will help us meet our Climate Pledge commitment to reach net-zero carbon by 2040 and power our operations with 100% renewable energy by 2030, a target we are on a path to meet 5 years early by 2025. We are excited to work with Repsol to develop new innovative cloud solutions to help them achieve their sustainability goals and accelerate their digital transformation.”
AWS will provide Repsol with cloud services such as High-Performance Computing (HPC), Digital Twins, and Natural Language Processing to accelerate the company’s digital transformation of operations.
The two companies stated that they will also analyze opportunities for collaboration to deploy new digital technologies, and to increase the efficiency of Repsol’s logistics operations. Additionally, the Repsol and AWS plan to create a transversal platform to systematically analyze business opportunities in mobility and electricity generation.
The new collaboration follows Repsol’s announcement from October 2021 of a series of new climate goals, with increased emission reduction targets and greater planned investments. Between 2021 and 2025, the company plans to boost its low carbon investments by an additional €1 billion and also aims to increase its renewable generation capacity by 60% by 2030 to 20GW.
María Victoria Zingoni, Repsol Client and Low Carbon Energy Generation Executive Managing Director, said:
“This collaboration agreement with AWS shows the quality of our renewable business and adds a boost to its profitability. It represents a further step in the fulfillment of our strategy for a sustainable and efficient energy transition, committing to digitalization as an indispensable lever of transformation.”