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Investing.com -- RWE (LON:0HA0) stock climbed 1% after the German energy company announced it has signed a Strategic Framework Agreement with Amazon (NASDAQ:AMZN) Web Services (AWS), supporting both companies’ strategic initiatives.
The agreement involves RWE supporting Amazon’s sustainability efforts through renewable energy projects, while AWS will provide cloud services to advance RWE’s digital transformation. As part of the announcement, RWE confirmed it has already executed seven Power Purchase Agreements (PPAs) with Amazon in the US, representing approximately 1.1 Gigawatts of capacity.
AWS will deliver cloud services to enhance RWE’s digitalization efforts, including data analytics and artificial intelligence capabilities. The company highlighted that RWE Supply & Trading has already seen 30% performance improvements for end-of-day runtimes through these digital initiatives.
Barclays (LON:BARC) noted that "the statement that it has signed a Strategic Framework Agreement with AWS (#1 data center owner globally) should receive positive investor attention."
The partnership represents a significant step for RWE in expanding its renewable energy footprint while leveraging AWS’s cloud expertise to drive operational efficiencies across its business.
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