Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, began to power a segment of its New Jersey and Pennsylvania operations with local wind energy in March under a new supply agreement arranged by Renewable Power Direct (RPD), the national green power marketer. Under the agreement, Leeward Renewable Energy, through its Jersey-Atlantic Wind (JAW) generating facility, will be the source of physical power to cover a portion of Iron Mountain’s electric load and advance corporate sustainability goals.
“The power purchase that RPD sourced will assist Iron Mountain in meeting its goals under the EPA’s Green Power Partnership,” said Kevin Hagen, Director of Corporate Responsibility for Iron Mountain. “We’re pleased to help pioneer this new product offer from RPD. They are giving us a practical way to buy the green electricity for our immediate needs in the right quantity, at the right time, in the right place and at the right price to help us meet our financial and environmental goals. This is a key objective for us as we address our immediate priorities for sustainability while continuing to invest in longer-term strategies for the future.”
“Iron Mountain is helping corporate America implement new models for switching to renewable energy,” said Gregory C. Staple, Chairman of RPD. “RPD pioneered medium-term energy purchasing options, so that any business can benefit from directly buying green power. As Iron Mountain has shown, RPD's contracts can also be a great complement to a company's longer term power purchase agreements,” said Staple. “We expect RPD's approach will grow the demand for renewable power across the business spectrum.”
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and information management services. The company’s real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world. And its solutions for records management, data management, document management, and secure shredding help 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 business documents, backup tapes, electronic files and medical data.
Renewable Power Direct, LLC is a FERC authorized wholesale power marketer that specializes in supplying directly sourced renewable electricity to commercial and industrial consumers. Based in Washington, DC, the company was founded to make it easy for businesses to buy renewable power without having to make expensive on-site investments in new facilities or be locked into long-term purchase contracts for off-site generation.
Jersey-Atlantic Wind (JAW) operates a 7.5 MW wind generating facility in Atlantic City, New Jersey. JAW is part of the Leeward Renewable Energy group which owns interests in eighteen U.S. wind farms with a total installed capacity of approximately 1557 MW.