REDWOOD CITY, Calif.,
Aug. 16, 2017 /PRNewswire/ --
Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data
center company, today announced the signing of a 15-year Power
Purchase Agreement (PPA) between a subsidiary of Southern Company
and Equinix in which Bloom Energy fuel cells will be installed at
12 International Business
ExchangeTM (IBX®) data centers in the
U.S. The project will provide a total capacity of more than
37 megawatts of power with a phased installation that begins in
late 2017 through 2019.
The new project will install fuel cells at seven Equinix IBX
data centers in the Silicon Valley (SV1, SV2, SV3, SV4, SV5, SV6,
SV10), three in the New York area
(NY2, NY4, NY5) and two in the Los
Angeles area (LA3, LA4). It builds on the pilot
program at Equinix's Silicon Valley SV5 IBX data center that began
in 2015.
This investment is a key milestone in Equinix's corporate
sustainability program which focuses on making a positive impact on
the company's employees, the communities in which it operates and
the environment.
The project is financed through Southern Company and reflects a
strategic partnership between Bloom Energy and Southern Company to
support on-site fuel cell solutions.
Highlights / Key Facts
- With the existing fuel cell at the SV5 IBX, and existing fuel
cell installations at two IBXs acquired from Verizon this year (LA7
and NY13), the new project will bring Equinix to a total of more
than 40 megawatts of fuel cell provisioned power at 15
locations.
- Once installed and operational, the Equinix fuel cell project
will operate at world leading efficiency, providing power that is
20-45 percent cleaner than the equivalent utility provided natural
gas powered generation. Over the lifetime of the project, this will
avoid 660,000 tons of carbon emissions and save 87 billion gallons
of water that would have been used by natural gas or coal-fired
utility generation.
- In addition to the significant sustainability impact, the
project provides 24 x 7 always-on, highly reliable power optimally
matched to the operational requirements of the data center.
- This project will relieve the day-to-day stress on local
utility providers, helping to delay new utility generation and
providing electricity directly where it is needed.
- Equinix recently released its second annual Corporate
Sustainability Report that includes a review of progress
towards Equinix's long-term goal of using 100 percent clean and
renewable energy, as well as progress toward Equinix's other goal
of growing a responsible and sustainable company. As of 2016,
Equinix had achieved 56 percent renewable energy coverage
worldwide.
- In addition to these fuel cell initiatives, Equinix is also
engaged in Power Purchase Agreements for wind energy from
Oklahoma and Texas, providing a total of 225 megawatts of
capacity.
- Bloom Energy fuel cells use a proprietary solid oxide
technology to generate electricity through a clean electrochemical
process using air and fuel and resulting in only water and a small
amount of carbon dioxide as by-products. SOx (sulfur oxides), NOx
(nitrogen oxides) and other harmful smog-forming particulate
emissions are virtually eliminated with the use of Bloom Energy
fuel cells.
Quotes
- Karl Strohmeyer, President,
Americas, Equinix
"As Equinix data centers, and the
interconnection they facilitate, become increasingly critical to
the infrastructure of our digital world, this fuel cell expansion
is one step in lessening the overall impact of the digital economy
on the planet. It enables us to serve our customers with the
highest levels of performance while assisting their efforts to make
their supply chain clean and efficient."
- KR Sridhar, Founder, Chairman and CEO, Bloom
Energy
"There is no greater compliment and validation of our
energy platform than to have our existing customers continue to
expand their deployments of Bloom Energy Servers, and today,
Equinix is doing that in a big way."
- Tom Fanning, Chairman,
President and CEO, Southern Company
"Our strategic
partnership with Bloom Energy was established to deliver greater
value for customers by providing innovative energy solutions
directly on the customer premise. This project with Equinix further
demonstrates that this approach is meeting the smart energy demands
of today's leading companies."
Additional Resources
- Equinix Corporate Sustainability Report 2016
- Equinix - Green by Design
- U.S. EPA Green Power Partner List
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects
the world's leading businesses to their customers, employees and
partners inside the most interconnected data centers. In 44 markets
across five continents, Equinix is where companies come together to
realize new opportunities and accelerate their business, IT and
cloud strategies. www.equinix.com.
About Bloom Energy
Bloom Energy is a provider of
breakthrough solid oxide fuel cell technology generating clean,
highly efficient onsite power from multiple fuel sources. Founded
in 2001 with a mission to make clean, reliable energy affordable
for everyone in the world, Bloom Energy Servers are currently
producing power for many Fortune 500 companies including Google,
Wal-Mart, AT&T, eBay, Staples, The Coca-Cola Company, as well
as notable non-profit organizations such as Caltech and Kaiser
Permanente. Also, with its Mission Critical Systems practice, Bloom
Energy provides grid-independent power for critical loads in data
centers and manufacturing. The company is headquartered
in Sunnyvale, California. For
more information, visit www.bloomenergy.com.
About Southern Company
Southern Company (NYSE: SO) is
America's premier energy company, with 46,000 megawatts of
generating capacity and 1,500 billion cubic feet of combined
natural gas consumption and throughput volume serving 9 million
customers through its subsidiaries. The company provides clean,
safe, reliable and affordable energy through electric operating
companies in four states, natural gas distribution companies in
seven states, a competitive generation company serving wholesale
customers across America and a nationally recognized provider of
customized energy solutions, as well as fiber optics and wireless
communications. Southern Company brands are known for excellent
customer service, high reliability and affordable prices that are
below the national average. Through an industry-leading commitment
to innovation, Southern Company and its subsidiaries are inventing
America's energy future by developing the full portfolio of energy
resources, including carbon-free nuclear, 21st century coal,
natural gas, renewables and energy efficiency, and creating new
products and services for the benefit of customers. Southern
Company has been named by the U.S. Department of Defense and
G.I. Jobs magazine as a top military
employer, recognized among the Top 50 Companies for Diversity by
DiversityInc, listed by Black Enterprise magazine as one of the 40
Best Companies for Diversity and designated a Top Employer for
Hispanics by Hispanic Network. The company has earned a National
Award of Nuclear Science and History from the National Atomic
Museum Foundation for its leadership and commitment to nuclear
development and is continually ranked among the top energy
companies in Fortune's annual World's Most Admired Electric and Gas
Utility rankings. Visit our website at www.southerncompany.com.
Forward Looking Statements
This press release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors
that might cause such differences include, but are not limited to,
the challenges of acquiring, operating and constructing IBX centers
and developing, deploying and delivering Equinix services;
unanticipated costs or difficulties relating to the integration of
companies we have acquired or will acquire into Equinix; a failure
to receive significant revenue from customers in recently built out
or acquired data centers; failure to complete any financing
arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key
customers; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In particular,
see Equinix's recent quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available
upon request from Equinix. Equinix does not assume any obligation
to update the forward-looking information contained in this press
release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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SOURCE Equinix, Inc.