Iron Mountain Expands Commitment To Renewable Power In Partnership With RPD Energy
BOSTON, April 10, 2019 /PRNewswire/ -- Iron Mountain Incorporated® (NYSE: IRM), the global leader in storage and information management services, announced an expansion of its commitment to renewable energy through new energy transactions in Texas and Illinois. RPD Energy (RPD), a national leader in green energy solutions, structured the deals that provide Iron Mountain with access to 100 percent renewable power for its facilities in both states.
RPD's flexible, variable energy solutions complement Iron Mountain's overall mix of purchasing strategies, which include traditional power purchase agreements (PPAs) and on-site projects. The Texas and Illinois transactions amount to over 25,000 MWh of green energy per year over the next three years. This is enough to power more than 3,000 homes annually, and adds to the amount of direct, physical energy in Iron Mountain's overall energy portfolio supported by renewable sources.
"With these transactions, Iron Mountain continues to follow through on our commitment to renewable energy by using new models that are both cost-effective and simple to implement throughout our real estate portfolio," said Chris Pennington, CBRE Energy Manager for Iron Mountain.
RPD provided access to competitively-priced physical renewable power, without the long-term commitment and complexity associated with PPA or VPPAs. The retail contracts for Texas and Illinois are managed by Direct Energy, with renewable power supplied by NextEra Energy Resources from its Blue Summit Wind Farm in Wilbarger County, Texas, as well as other NextEra Energy Resources.
"By working with Direct Energy and NextEra Energy, RPD was able to deliver an innovative renewable energy solution for Iron Mountain. The final product has the simplicity of a standard retail contract coupled with the benefits of access to locally-sourced physical energy and RECs," said Eric Alam, CEO of RPD Energy. "These transactions provide another example of how RPD brings together the pieces of the wholesale and retail green energy puzzle for forward-thinking companies like Iron Mountain."
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a digital way of working. Visit http://www.ironmountain.com for more information.
About RPD Energy
Formerly Renewable Power Direct, RPD Energy markets green energy products to corporate America and to retail energy providers (for sale onto mass market consumers). RPD offers directly-sourced, variable term (2-8 years), right-sized contracts for green energy and RECs from utility-scale wind and solar facilities. Fortune 500 energy buyers have chosen RPD Energy to provide green energy contracts for their data centers, production facilities and corporate headquarters in several regions across the US. RPD is headquartered in Houston, Texas. www.rpdenergy.com.
Christian T. Potts
Iron Mountain Incorporated
Director Marketing & Operations, RPD Energy
SOURCE Iron Mountain Incorporated