LONDON--(BUSINESS WIRE)--Mar. 13, 2019--
CyrusOne (NASDAQ: CONE), a premier global data center REIT, has
announced that its London I and London II data centre facilities are now
running on a 100% renewable energy tariff, a move which the company says
will transfer energy annual usage equivalent to 52,000 households to
zero-emissions sources.
Comprising a combined 23MW of IT power, both CyrusOne’s London I data
centre in Slough and its London II facility in Prologis Park, Stockley,
are now served by Hudson Energy, an independent provider of electricity
and gas to businesses across the UK. CyrusOne has also confirmed that
all new London data centre inventory, including the recently announced
9MW London III facility in Stockley Park, will run off renewable energy.
In addition to the reduction in carbon emissions, CyrusOne customers
will benefit from reduced unit costs as a result of the highly
competitive rates secured through the procurement process and exemptions
from the Climate Change Levy.
“As large energy users in the UK, the data centre industry is in a
strong position to effect change in terms of how green energy is priced
and made available,” said Tesh Durvasula, President - Europe, CyrusOne.
“Traditionally, green energy tariffs have been priced at a premium, but
as more users demand their energy from renewable sources, the rates we
can negotiate are decreasing rapidly. We continue to explore ways to
maximise the efficiency and resource usage in our data centres so that
we can pass those benefits along to our customers.”
The move to an all-green energy tariff is the latest in a wave of
innovations championed by CyrusOne to deliver highly efficient and
sustainable data center infrastructure to its customers globally.
More broadly across the company, water conservation has been a
significant factor in how CyrusOne designs and builds new data centres.
In the US, for example, CyrusOne’s hyperscale, purpose-built data
centres use an air-cooled chiller technology with an integrated
compressor and condenser that cool the closed loop of water. Filling the
pipe with water just a single time is the only water consumption with
the permanent water supply provided by a single tanker truck.
Safe Harbor
This press release contains forward-looking statements regarding
anticipated results and future events that are subject to the “safe
harbor” provisions of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release, other than
statements of historical facts, should be considered forward-looking
statements, including, without limitation, statements about CyrusOne’s
plans, objectives, expectations and intentions, and any statement of an
assumption underlying any of the foregoing. These statements are based
on current expectations, estimates, forecasts and projections about the
industries and markets in which we and our customers operate and the
current beliefs, opinions and assumptions of our management. Words such
as “continue”, “will,” or the negative of these terms or other
variations of such words and similar expressions, are intended to
identify such forward-looking statements. In addition, any statements
that refer to projections of our future financial or operating
performance, our anticipated growth and trends in our and our customers’
industries, businesses and markets, or other characterizations of future
events or circumstances, are forward-looking statements. Readers are
cautioned that forward-looking statements are based on management’s
current expectations and assumptions and are subject to numerous
factors, risks and uncertainties which could cause our actual results to
differ materially and adversely from those expressed or implied in any
forward-looking statement. Factors that could cause or contribute to
such differences include, but are not limited to, changes in UK
renewable energy tariffs or related UK laws or regulations; an inability
to receive effective power service at our London data centres, including
any delays or disruptions in connectivity or availability of power;
changes in the expected environmental benefits and timing of our
sustainability program and London data centre power purchase agreements;
CyrusOne’s inability to maintain or continue to obtain highly
competitive renewable power rates secured through the procurement
process and exemptions from the Climate Change Levy and/or to pass those
lower rates on to its customers; renewable energy’s effectiveness at
reducing carbon emissions; decreases in the influence the data centre
industry can exert to affect green energy policy and lower pricing; and
decreased user demand for renewable energy sources or for highly
efficient and sustainable data center infrastructure. More information
on the factors, risks and uncertainties that could cause or contribute
to such differences is included in our filings with the Securities and
Exchange Commission, including in the “Risk Factors” and “Management’s
Discussion & Analysis” sections of our Annual Report on Form 10-K and in
our subsequent Form 10-Q reports and other filings with the SEC. Any
forward-looking statement made in this release speaks only as of the
date of this release. We undertake no obligation to update or revise any
forward-looking statement, whether as a result of new information,
change in circumstances, future events or otherwise, except as required
by law.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust
(REIT) specializing in highly reliable enterprise-class, carrier-neutral
data center properties. CyrusOne provides mission-critical data center
facilities that protect and ensure the continued operation of IT
infrastructure for approximately 1,000 customers, including more than
205 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive
speed-to-market demands of hyperscale cloud providers, as well as the
expanding IT infrastructure requirements of the enterprise, CyrusOne
provides the flexibility, reliability, security, and connectivity that
foster business growth. CyrusOne offers a tailored, customer
service-focused platform and is committed to full transparency in
communication, management, and service delivery throughout its more than
45 data centers worldwide. Additional information about CyrusOne can be
found at www.CyrusOne.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190313005236/en/
Source: CyrusOne
Media Relations
Harry Ronaldson
CyrusOneUK@allisonpr.com
(O)
203 971 4287
