Commercial, Sourcing Renewables, Wind - October 18, 2018
Iron Mountain moves towards goal with wind PPA
Iron Mountain Inc., a storage and information management services company, announced on October 17 the signing of a 15-year PPA for 145 MW of new wind energy from the Pretty Prairie Wind Farm, located in Reno County, KS. With this agreement plus other recent green power purchases, the company expects to exceed 75% global renewable electricity usage in 2018, on the way to its goal of 100% renewable power by 2050.
"Renewable energy has become a key strategic component in how we manage electricity usage throughout our global real estate portfolio," said Kevin Hagen, vice president of environmental social and governance strategy, Iron Mountain, in a statement. "What is especially exciting is that, with this agreement and the achievement of other milestones, 100% of our data center business now operates on renewable electricity. When you consider the sheer amount of electricity required to power our entire operational portfolio, it's truly remarkable to hit these goals in a 'business-positive' manner that leverages renewable energy to help us reduce utility expenses, stabilize rates and reduce the business risks associated with fossil fuels."
NextEra Energy Resources will build, own, and operate the Pretty Prairie project, with Iron Mountain purchasing a portion of the electricity it generates. The project should create more than 250 jobs during construction, which typically lasts between six and nine months.
Following the execution of its first North American PPA in 2016, Iron Mountain has expanded its focus to pursuing global renewable energy opportunities across its operational and real estate portfolio. The company recently announced that its operations in Belgium, Ireland, the Netherlands, and the United Kingdom have reached the goal of 100 percent renewable energy usage. Additionally, Iron Mountain also agreed to set aggressive science-based targets for carbon reduction in alignment with the objectives of the Paris Climate Accord.
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