Iron Mountain Inc., a storage and information management services company, says it is progressing on the development of enhanced solutions for purchasing renewable energy through readily available retail channels by entering into an agreement with RPD Energy and Direct Energy to track the hourly renewable energy load of Iron Mountain data centers.
The structure will source 100% renewable energy aimed at matching the hourly usage of all Iron Mountain facilities in Pennsylvania and New Jersey (over 60 buildings), including two data centers. Conventional renewable power solutions seek to only match a buyer’s load on an annual or monthly basis without ensuring renewable power is available when clients are using electricity. Tracking hourly usage from the generator and comparing it to Iron Mountain’s hourly usage demonstrates a future view of how firms can transition to a truly carbon-free energy supply.
“It is so gratifying to witness the power of collaboration and we hope transactions like these can demonstrate that the market is capable of greater flexibility to meet increasingly aggressive demands for truly 24/7 renewable power,” says Eric Alam, CEO of RPD Energy. “RPD Energy’s role was to identify the right committed generator and retail supplier to ensure that Iron Mountain could achieve a truly unique outcome. Working with Axpo U.S. to design a wholesale transaction that worked for EDP Renewables North America and with the team at Direct to create the retail product that fit Iron Mountain’s requirements required the kind of patience, resolve and cooperation across all parties that results in these breakthrough transactions.”
RPD Energy, a company that specializes in corporate green energy solutions, in conjunction with Direct Energy, will provide Iron Mountain a monthly report to document the match of average hourly generation and Iron Mountain’s actual hourly offtake from the grid. To maintain the integrity of the renewable impact of the transaction, traceability and environmental claims are ensured by renewable energy credits provided via EDP Renewables North America and sourced from the same renewable developer.
Photo: Eric Alam