Associations Collaborations and consortiums can provide a structured and durable mechanism for companies to leverage complementary strengths in AI and energy for common objectives. For example, Microsoft has invested $1.5 billion in Abu Dhabi’s G42 to gain G42’s regional expertise while Microsoft’s global reach will help drive innovations across multiple sectors in the region, including energy.157 Commercial engagements Energy and technology companies can partner on commercial engagements with societal co-benefits— for example, working together on investments in new carbon-free energy generation, power-purchase agreements for carbon-free electricity for data centers, and funding research and development. Sectoral initiatives Energy and technology players can participate in existing sectoral initiatives to foster collaboration or create new ones. The First Movers Coalition and the Oil & Gas Decarbonization Charter are just two of the many examples. SURVEY INSIGHT 94% of leaders surveyed agree on the greater need for collaboration at the intersection of energy, AI, and climate. 01 Increase collaboration between technology and energy companies to deploy more carbon-free energy while making it more available and more affordable for all We see three potential mechanisms for collaboration: 90 Powering Possible 89