CAMBRIDGE, Mass., May 10, 2017 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM), the world's largest and most
trusted cloud delivery platform, today announced the Company has
invested in a wind energy farm as part of its commitment to source
renewable energy for 50 percent of its global network operations by
2020. The 20-year investment places Akamai at the forefront of an
emerging trend in which mid-market corporations are investing in
renewable energy projects as a means to decarbonize their
operations.
Akamai intends to source enough energy from the 80-megawatt
Seymour Hills Wind Farm to offset
its aggregate Texas data center
operations, representing approximately seven percent of its global
power load. Based outside of Dallas and developed by Infinity Renewables,
the project is slated to go online in 2018. Plans for the
development call for construction of 38 wind turbines across
approximately 8,000 acres.
"Akamai has been seeing a strong trend with customers that value
and demand clean-powered, decarbonized services from their supply
chains," said Jim Benson, Akamai EVP
and CFO. "This project is one of several in which Akamai plans to
invest to reach our 50 percent goal. Only recently have companies
like Akamai with small, distributed loads, relative to big buyers
like Apple, Google and Amazon, been able to make a meaningful
impact on decarbonizing operations that go beyond purchasing
unbundled renewable energy credits. We believe our innovative
procurement strategy can be a model for others, and we're excited
to help lead the way."
"Corporate buyers have become a very important market for the
growth of utility-scale renewable energy deployment, having
overtaken electric utilities in gigawatts purchased in 2015," said
Matt Langley, VP of Finance and
Origination at Infinity Renewables. "We predict that minor energy
off-takers, like Akamai, represent the next big wave of corporate
buyers, and we are eager to partner with them."
"Mid-market corporate buyers like Akamai represent a huge
opportunity to significantly expand private procurement of
renewable energy," said Lily Donge,
Principal at Business Renewables Center (BRC), Rocky Mountain
Institute. "As an early mover, Akamai is leading the way for other
organizations to invest in renewables and demonstrating the value
of BRC's mission to make that process as easy as possible through
best practices, guides and educational programs and
convenings."
Greenpeace ranked Akamai in the top 20 percent of CDN and data
center providers in its recent "Clicking Clean" report for action
on energy efficiency, renewable energy and advocacy efforts. In
addition to Akamai's renewable energy goal, Greenpeace recognized
that the Company's "distributed business model and relationships
with data center operators around the world put it in a unique
position to be a catalyst for a renewably powered Internet."
About Akamai
As the world's largest and most trusted
cloud delivery platform, Akamai makes it easier for its customers
to provide the best and most secure digital experiences on any
device, anytime, anywhere. Akamai's massively distributed platform
is unparalleled in scale with over 200,000 servers across 130
countries, giving customers superior performance and threat
protection. Akamai's portfolio of web and mobile performance, cloud
security, enterprise access, and video delivery solutions are
supported by exceptional customer service and 24/7 monitoring. To
learn why the top financial institutions, e-commerce leaders, media
& entertainment providers, and government organizations trust
Akamai please visit www.akamai.com, blogs.akamai.com, or @Akamai on
Twitter.
Akamai Statement Under the Private Securities Litigation
Reform Act
This release contains information about future expectations, plans
and prospects of Akamai's management that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995, including statements about future energy-related
investments. Actual results may differ materially from those
indicated by these forward-looking statements as a result of
various important factors including, but not limited to, inability
to complete planned investments, unexpected increase in future
energy usage, and other factors that are discussed in Akamai's
Annual Report on Form 10-K, quarterly reports on Form 10-Q, and
other documents periodically filed with the SEC.
Contacts:
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Chris Nicholson
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Tom Barth
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Media Relations
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Investor Relations
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617-444-2987
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617-274-7130
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cnichols@akamai.com
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tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.