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.”