Microsoft agreed to buy a massive amount of clean energy to power a data center in Ireland, making it the second biggest corporate power-purchase agreement deal so far this year.
The funds will source investments to harden the national power grid against natural disasters, while spurring innovation in renewable energy and electric-powered buildings and autos.
The proliferation of funds and projects at every scale is a feature, not a bug, of a market that will put trillions of dollars into decarbonizing the economy.
South Korea's major data center fire was said to be triggered by lithium ion battery failure. With the country being a major producer of these batteries, their economy faces even more uncertainty.