Microsoft

“And one of the projects that we purchased from in 2020 burned in the bootleg fire, and so that risk went from a theoretical number on a page, you know, two percent risk of reversal over the project lifetime to, well, it happened, and was that reversal risk the…”

“By 20 50, we will remove from the environment all of the carbon we have emitted directly or by electrical consumptions since our company's founding in 1975.”

“Microsoft invested in Helion, a fusion company, and they have a twenty-twenty-eight PPA.”

“When we look out to 2030 we are committed to being carbon-free as a company, to removing diesel gensets from as a backup power source to our data centers, which by the way means we need a really, really, really reliable grid globally, like everywhere, and so w…”

“I think when I joined Microsoft in 2011, there was somewhere between a 102 hundred megawatts of data center capacity, which is not nothing, but compared to what it is today is pretty minuscule.”

“According to a leaked document from Business Insider, Microsoft is expanding data center capacity dramatically. It has five gigawatts under management, and it's planning 2.5 gigawatts of expansion in the next 12 months.”

“And, you know, I had someone ask me the other day, well, what happens if, you know, if NVIDIA comes out with a chip that's twice as efficient? And my response to that is, well, then Meta or Microsoft or Google will plug in twice as many chips. If they have the…”

“Early in the two, you know, 2010 time frame, Microsoft, Amazon, Google, you know, they maybe all had a few hundred megawatts of data center capacity. Well, now you get to the end of that decade, now they're all sitting on a few gigawatts of capacity”

“We have lots of giants in in our cup table today. So, you know, the largest mining company in the world, BHP, the largest supplier of iron ore, Vale from Brazil, the largest international steelmaking company, ArcelorMittal. Then you have Saudi Aramco, you have…”

“There are companies like Microsoft, Frontier, and others that are seeking to create a market and build a supplier base. I see those companies providing the leadership in the market. They're doing it for good reasons for themselves as well. Securing a first rig…”

“We're in a pay-go relationship with them where we'll buy the credits as they sell them to us, and they're, they've raised, you know, well over half of their billion dollar fund, and on the timber side, they're working with best-in-class FSE standards.”

“So one thing that we focused on quite a bit is ensuring we have a broad set of biomass sourcing principles that we worked on with Carbon Direct and is available on our website that identify, okay, we need to make sure that those sources of wood products are tr…”

“And so for 2030, for us to meet our goals and for us to build a high quality carbon removal market, we've been targeting for about half of the portfolio to be low durability and half to be medium and high.”

“We knew at that time that the market was only in the couple millions of tons annually, and Microsoft schools were several times greater than that, and so for there to be a vibrant market where Microsoft is only buying a share of it, the car removal market need…”

“Once we were able to structure that deal and we announced that transaction in the start of 2023, it became this huge signal. All of a sudden there was a shift And the quality of applications and the depth of applications that we saw.”

“We signed a deal to purchase, I believe, eight million tons of carbon removal from them over a period of time, and they know finance very well.”

“Our CDR The procurement strategy breaks down in sort of two general buckets. They're the pathways that we think can deliver scale by twenty-thirty, and in that case, I think it's more the example that you give, that you need to focus on the proven tech because…”

“BTG is a really exciting one. You know, this is the world's largest carbon removal deal out there.”

“Yeah, so the backbone of our offtake agreements is built on a power purchase agreement.”

“The most common way we say no to a project is because it's too early.”

“AI doesn't change our sustainability goals. We're still buying CDR in pursuit of our carbon negative goal. And the AI hasn't really changed that target for us. It just increased the importance of a net zero world still needs to be possible in it, despite the A…”

“What is the next generation of direct air capture look like? What is the next generation of marine CDR look like? Those are pathways that aren't going to be so big on our 20 30 timescale, but really important in 2035 by 20 40.”

“Microsoft made a deal with Orsted to purchase 2.7 million tons of carbon removal over an 11 year period from a bioenergy carbon capture and storage plant.”

“We vary our contracting in two big ways. So if the project's ready for scale, we will work through a long-term off-tick agreement that's modeled off a PPA. If the project is not ready for scale yet... We'll sign a shorter form agreement.”

“We see about 250 applications per year, and mostly from, it is probably from 200 plus suppliers, and we're seriously considering over a hundred projects right now in our pipeline.”

“And then in the high durability space, bioenergy with carbon capture and storage has been to the most, the highest confidence in that and the widest range of suppliers that can deliver meaningful volumes on the 20 30 timescale.”

“The quantification methods just aren't there yet. So this has been true for enhanced rock weathering for us to date. It's something we're working through right now. Like, is, do we feel good enough about the quantification methods of carbon removal through enh…”