Commercial, Industrial, Sourcing Renewables, Wind - October 11, 2016
Iron Mountain inks PPA with Amazon wind project
Storage and information management company Iron Mountain Inc. has signed a power purchase agreement for 10% of the output of the recently announced Amazon Wind Farm Texas project.
In an Oct. 10 news release, Boston-headquartered Iron Mountain said the associated clean energy will provide as much as 30 % of its North American electricity footprint. The capacity — Iron Mountain's share is expected to be about 100,000 MWh per year — will be sufficient to power all of Iron Mountain's Texas operations, which comprise more than 75 facilities, as well as additional states.
The deal, Iron Mountain said, provides the company with long-term rate stability and as much as $1.5 million annually in related cost avoidance. The remaining 90% of the power generated from the wind project being built in Scurry County, Texas, is being sold via power purchase agreement to Amazon.com Inc.
"Power consumption is an expensive and resource-consuming part of our global operational footprint , and one of the areas we've targeted as an opportunity to transform our business," Ty Ondatje, Iron Mountain senior vice president of corporate responsibility and chief diversity officer said in a statement. "Renewable energy strategies, along with energy efficiency, are at the heart of our efforts to deliver both savings back to the company and look for opportunities to innovate."
Ondatje continued: We’ve discovered that it’s also helping us to open meaningful dialogue and collaboration opportunity with our customers who are seeking to understand and mitigate their own environmental impact. We believe that renewable energy strategies can benefit our business, positioning Iron Mountain and our customers to meet the growing expectations for sustainable business practices.”
We've discovered that it's also helping us to open meaningful dialogue and collaboration opportunity with our customers who are seeking to understand and mitigate their own environmental impact. We believe that renewable energy strategies can benefit our business, positioning Iron Mountain and our customers to meet the growing expectations for sustainable business practices.
Iron Moutain said the PPA, coupled with its recent signing of a 15-year agreement with a wind farm in Ringer Hill, Penn. as well as ongoing investments in solar projects throughout the U.S. and Canada, has positioned the company to be able to utilize renewable sources for two-thirds of its total North American electricity load by 2018.
The Amazon Wind Farm Texas project is expected to enter service in October 2017 and is owned by Lincoln Clean Energy LLC.
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