IEA Confirms: Tech Companies Signed 40% of All Corporate Renewable PPAs in 2025

The IEA's 'Key Questions on Energy and AI' update confirms two structural shifts in data center power procurement: (1) hyperscalers and large data center operators are now the dominant buyers in the corporate renewable energy market, accounting for 40% of all PPAs signed in 2025; (2) the SMR pipeline specifically tied to data center power offtake agreements has nearly doubled in six months. For federal data centers: the competitive market for clean, firm power is intensifying rapidly. Agencies that do not secure long-term power contracts -- through DOE site solicitations, military base co-location, or direct PPAs -- face a structurally worsening position relative to commercial data center operators that are buying power at scale. (more)