New agreement expected to help Iron Mountain utilize renewable sources for 2/3 of total North American electricity load by 2018
BOSTON – Business record management company Iron Mountain Incorporated, announced the signing of a wind power purchase agreement that will leverage renewable energy sources to power as much as 30 per cent of its North American electricity footprint.
That capacity will be sufficient to power all of its Texas operations (more than 75 facilities) as well as additional states, providing long-term rate stability and with as much as $1.5 million annually in related cost avoidance.
“Power consumption is an expensive and resource-consuming part of our global operational footprint , and one of the areas we’ve targeted as an opportunity to transform our business,” said Ty Ondatje, senior vice president of Corporate Responsibility and chief diversity officer, Iron Mountain.
When completed in 2017, Iron Mountain’s share of the wind farm could produce up to 100,000 megawatt hours (MWh) per year – the equivalent of nearly one-third its power consumption for North America.
Under the agreement, Iron Mountain will purchase 10 per cent of the energy produced at the Amazon Wind Farm Texas, a 253-megawatt (MW) 110+ turbine wind farm in Scurry County, Texas, developed by Lincoln Clean Energy, a developer, owner and operator of clean power projects with a particular focus on wind and solar power in the United States.
“Renewable energy strategies, along with energy efficiency, are at the heart of our efforts to deliver both savings back to the company and look for opportunities to innovate,” said Ondatje.
“We’ve discovered that it’s also helping us to open meaningful dialogue and collaboration opportunity with our customers who are seeking to understand and mitigate their own environmental impact. We believe that renewable energy strategies can benefit our business, positioning Iron Mountain and our customers to meet the growing expectations for sustainable business practices.”
The purchase, coupled with the company’s recent signing of a 15-year agreement with a wind farm in Ringer Hill, Penn. as well as ongoing investments in solar projects throughout the US and Canada, have positioned Iron Mountain to be able to utilize renewable sources for two-thirds of its total North American electricity load by 2018.