OREANDA-NEWS. October 11, 2016.
Iron
Mountain Incorporated® (NYSE:IRM), the global leader in storage and
information management services, today announced the signing of a wind
power purchase agreement that will leverage renewable energy sources to
power as much as 30 percent of its North American electricity footprint.
That capacity will be sufficient to power all of its
Texas operations
(more than 75 facilities) as well as additional states, providing
long-term rate stability and with as much as
\\$1.5 million annually in
related cost avoidance.
When completed in 2017, Iron Mountain’s share of the wind farm could
produce up to 100,000 megawatt hours (MWh) per year – the equivalent of
nearly one-third its power consumption for North America. Under the
agreement, Iron Mountain will purchase 10 percent of the energy produced
at the Amazon Wind Farm Texas, a 253-megawatt (MW) 110+ turbine wind
farm in Scurry County, Texas, developed by Lincoln Clean Energy, a
developer, owner and operator of clean power projects with a particular
focus on wind and solar power in the United States.
“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,” said
Ty Ondatje, senior vice
president of Corporate Responsibility and chief diversity officer, Iron
Mountain. “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. 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.”
This purchase, coupled with the company’s 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 US and Canada, have
positioned Iron Mountain to be able to utilize renewable sources for
two-thirds of its total North American electricity load by 2018. In
addition, Iron Mountain is teaming with other corporations and
non-profit organizations to support renewable energy market
transformation, recently becoming a signatory to the Corporate
Renewable Energy Buyers Principals, a joint effort of the World
Wildlife Fund and the World Resources Institute, and has joined The
Rocky Mountain Institute’s Business
Renewable Center, an independent initiative with a community of over
150 organizations providing resources, tools and best practices for
companies seeking to execute renewable energy transactions.
"When businesses like Iron Mountain directly purchase renewable energy
for their operations, they're not only saving money and reducing their
energy footprint, but also leading and signaling a shift to their peers
toward greening the grid that's so critical for addressing climate
change," said
Marty Spitzer, senior director, Climate and Renewable
Energy at the World Wildlife Fund.
About Iron Mountain
Iron Mountain Incorporated® (NYSE:IRM) is the global leader for storage
and information management services. Trusted by more than 220,000
organizations around the world, Iron Mountain’s real estate network
comprises more than 85 million square feet across more than 1,400
facilities in 45 countries dedicated to protecting and preserving what
matters most for its customers. Iron Mountain’s solutions portfolio
includes records
management, data
management, document
management, data
centers, art
storage and logistics, and secure
shredding, helping organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information.
Founded in 1951, Iron Mountain stores and protects billions of
information assets, including critical business documents, electronic
information, medical data and cultural and historical artifacts. Visit
www.ironmountain.com for
more information.
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