LADWP and CoreSite Announce Major Energy Savings
September 27 2019 - 12:15PM
Business Wire
Downtown LA Data Center Increases Energy
Efficiency and Lowers Carbon Footprint
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center and interconnection
solutions in major U.S. metropolitan areas, celebrated CoreSite’s
energy efficiency savings this week in an award ceremony with the
Los Angeles Department of Water and Power (LADWP).
CoreSite, one of the nation’s premier data center corporations
and a key customer of the LADWP, received a nearly $3 million
rebate earlier this year for energy efficiency upgrades at its LA2
facility in downtown Los Angeles. LADWP’s Custom Performance
Program provided the incentive to help CoreSite implement an
extensive cooling system retrofit that has yielded more than 9.8
million kWh of energy savings annually.
“CoreSite is continually looking at projects to drive data
center operating efficiencies and sustainability,” said Brian
Warren, CoreSite’s Senior Vice President of Development and Product
Engineering. “We were pleased to deliver our new cooling
capabilities to achieve an important reduction in emissions. We
appreciate the award, the recognition of our project and our
ongoing partnership as the leading data center operator in downtown
Los Angeles with LADWP.”
“LADWP is pleased to support CoreSite’s commitment to
sustainability while helping them better manage their electric
consumption and costs through energy efficiency,” said Sharon
Grove, LADWP’s Assistant General Manager of Customer Service. “We
are glad to have worked with CoreSite to help them implement
practical and impactful measures to support their business while
also benefiting the environment.”
In a recent expansion of its LA2 data center, CoreSite
recognized an opportunity to modernize its cooling systems. The
facility was previously operating with four small cooling systems
that operated year-round, day and night, to remove server heat from
downtown Los Angeles’ largest data center. CoreSite consolidated
the four units into a single large system that incorporated the
best cooling technology in the market and capitalized on efficiency
options made possible by the size of the new plant.
As part of the project CoreSite took four live systems and
converted them without interrupting cooling service. Due to space
constraints at the LA2 facility, CoreSite’s challenge was to place
the entire system into an area the size of a dozen parking spaces
without changing the architectural appearance of the historic
postal annex. The project also required the installation of five
40,000 gallon storage tanks to ensure cooling could not be
interrupted if the water supply was lost to the site. CoreSite
supplemented electrical power with new backup generators that would
ensure power could not be interrupted. With expert preparation,
CoreSite was able to complete the project in under six months.
CoreSite is now able to provide enhanced capacity and greater
reliability at its LA2 data center, all while using less
energy.
LADWP works with commercial customers like CoreSite and offers a
wide array of rebate and incentive programs to help reduce their
energy use while also saving on utility bills. During fiscal year
2018-19, LADWP customers saved 476,900 MWh cumulatively. This
amount of energy savings is equivalent to offsetting electricity
for 79,483 homes and reducing GHG emissions by 165,918 metric tons
annually, which is comparable to removing 35,694 gasoline-fueled
vehicles from local roads. To learn more about LADWP’s commercial
rebate programs visit www.ladwp.com or call 1-800-DIAL-DWP.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,350 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 450+ dedicated
employees consistently deliver unmatched data center options — all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
About LADWP
The Los Angeles Department of Water and Power (LADWP) is the
nation’s largest municipal utility, with a 7,880 megawatt (MW)
electric capacity and serving an average of 438 million gallons of
water per day to the 4 million residents of the City of Los
Angeles, its businesses and visitors. For more than 100 years,
LADWP has provided the city with reliable water and power service
in a cost effective and environmentally responsible manner.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite’s control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the amount of supply of or demand for data
center space in these markets; fluctuations in interest rates and
increased operating costs; difficulties in identifying properties
to acquire and completing acquisitions; significant industry
competition, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the failure to qualify or
maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; and other factors affecting the real estate
industry generally. All forward-looking statements reflect the
Company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore, the
Company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause the Company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in its most recent annual report on
Form 10-K, and other risks described in documents subsequently
filed by the Company from time to time with the Securities and
Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190927005401/en/
Carole Jorgensen Vice President Investor Relations and Corporate
Communications 303-405-1012 InvestorRelations@CoreSite.com
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