Renewable Power Direct Signs Iron Mountain Incorporated to A New Power Supply Agreement
January 25, 2017 at 06:45 am EST
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Renewable Power Direct announced it has signed Iron Mountain Incorporated 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.
Iron Mountain Inc is engaged in a physical ecosystem supporting information storage and retrieval for businesses which rely on paper documents or computer tapes to store their valuable information. The Companyâs segments include Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment includes various offerings, including records management, data management, global digital solutions, secure shredding, secure shredding, and consumer storage. The Global Data Center Business segment provides data center facilities and the capacity to protect mission-critical assets and ensure the continued operation of its customersâ information technology (IT) infrastructure with data center options. The Company also offers IT asset disposition customer solutions. It serves industries, such as commercial, legal, financial, healthcare, insurance, life sciences, energy, business services, entertainment and government organizations.