Renewable Power Direct, the national green energy marketer, has structured a third renewable electricity agreement for Iron Mountain Incorporated (NYSE: IRM), a leading provider of storage and information management services. The new transaction, which will supply a portion of Iron Mountain's current electric needs in Pennsylvania and New Jersey, builds on two earlier supply deals that RPD has handled for Iron Mountain in Texas and the Mid-Atlantic states during the past 12 months.
RPD's renewable retail supply model complements an array of sustainability strategies utilized by Iron Mountain to meet their corporate goals, which include PPAs and On-site Solar. RPD's innovative supply model layers in a "green block" of wholesale energy under the current terms of their existing retail electric supply agreement, sourcing the physical energy from EDP Renewable's Meadow Lake Windfarm III in Indiana. EDP Renewables also provides Iron Mountain with renewable energy credits for meeting their corporate sustainability goals.
Mark Mancino, RPD's Vice-President of Sales, commented, "We are happy to be working in collaboration with Iron Mountain, their retail supplier and their energy consultant to provide another cost-effective solution to meet applications that call for shorter supply terms and discrete volumes matching Iron Mountain's specific needs."
"One of the first challenges of our sustainable energy strategy is finding ways to beat the conventional wisdom that growing our business means bigger environmental impacts," said Kevin Hagen, director of corporate responsibility at Iron Mountain. "Renewable Power Direct is invaluable in helping us find innovative ways to reduce our climate and environmental impacts."
About Renewable Power Direct, LLC
RPD is a unique U.S. renewable energy marketer serving corporate and industrial buyers. It is the only supplier offering variable term (2-7 year), fractional physical capacity (plus RECs) from utility-scale wind and solar facilities. Blocks of energy capacity may be purchased in 1 MW or greater increments. Fortune 500 energy buyers have chosen these contracts for green data centers, production facilities and corporate headquarters from California (CAISO) to Texas (ERCOT) to the Mid-Atlantic (PJM).
RPD's national sales team is based in Houston; the company also has offices in Washington D.C. For more information visit www.renewablepowerdirect.com
About Iron Mountain
Iron Mountain Incorporated® (NYSE: IRM) is the global leader in storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain's real estate network comprises more than 85 million square feet across more than 1,400 facilities in 46 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain's solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding, helping organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.
Press Contact for Renewable Power Direct:
Nancy Young, Director Marketing & Operations
832-279-3029
nyoung@renewablepowerdirect.com
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