HOUSTON & BOSTON--(BUSINESS WIRE)--
Renewable Power Direct (RPD), the national green power marketer, today
announced it has signed Iron
Mountain Incorporated (NYSE: IRM), the global leader in storage and
information management services, to a new power supply agreement to
fulfill a portion of the electrical load for Iron Mountain’s Texas
operations. The power will be sourced from NextEra Energy and its Blue
Summit wind farm outside of Vernon, Texas.
RPD developed a unique product structure for Iron Mountain that combines
the benefits of green power with a structured indexed pricing product to
reduce their exposure to market volatility. Additionally, this product
structure provides a rigorous chain of custody and ease of contracting
in verifying the purchase and use of this energy source, enabling Iron
Mountain to clearly and accurately report its usage of renewable energy.
This represents the second green energy supply agreement arranged by RPD
for Iron Mountain, following a separate agreement arranged by RPD for
its New Jersey and Pennsylvania operations earlier this year.
“RPD's contracts are a great complement to our longer-term
power purchase agreements,” said Kevin Hagen, director of Corporate
Responsibility for Iron Mountain. “A big barrier to purchasing renewable
energy for many companies has been the complexity of the deals. With
this contract, RPD has crafted an offer that we can execute alongside
our other deregulated market transactions. We’re pleased with the ease
of contracting and with the results RPD has provided for us in meeting
our financial and operational goals for our sustainability program.”
“We are very excited that Iron Mountain continues to utilize RPD’s
medium-term energy purchasing option as part of their overall renewable
energy strategy,” said RPD’s Vice-President of Sales, Mark Mancino.
About Iron Mountain
Iron Mountain Incorporated®
(NYSE: IRM) is the global leader in 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 46 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.
About Renewable Power Direct, LLC
RPD is a unique U.S.
renewable energy marketer serving corporate and industrial buyers. It is
the only supplier offering variable term (2-7 year), fractional physical
capacity (plus RECs) from utility-scale wind and solar facilities.
Blocks of energy capacity may be purchased in 1 MW or greater
increments. Fortune 500 energy buyers have chosen these contracts for
green data centers, production facilities and corporate headquarters
from California (CAISO) to Texas (ERCOT) to the Mid-Atlantic (PJM).
RPD’s national sales team is based in Houston; the company also has
offices in Washington D.C. For more information visit www.renewablepowerdirect.com.
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Source: Iron Mountain