By Stephen Nakrosis
Williams Cos. on Thursday said it signed a Memorandum of Understanding and will work with Microsoft Corp. to explore ways to reduce carbon emissions and develop new energy technologies.
Williams said it would work with Microsoft to "explore lower carbon opportunities," including the development of a hydrogen economy, renewable natural gas products and carbon capture utilization and storage.
The companies will also use Microsoft Azure services and solutions to improve emissions monitoring and reporting, and to work together on other initiatives, Williams said.
Williams also said the MoU will support its "near-term climate commitment of 56% absolute reduction in company-wide greenhouse gas emissions by 2030 by leveraging technology available today to reduce emissions, scale renewables and build a clean energy economy--while looking forward and anticipating future innovations on the path to net zero by 2050."
Darryl Willis, corporate vice president of energy at Microsoft, said, "Through digital transformation and a focus on a net-zero carbon future, we will be able to unlock new business models and untapped value."
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(END) Dow Jones Newswires