Entities form renewable energy partnership
Storage and information management services firm Iron Mountain has partnered with RPD Energy (RPD), a national leader in green energy solutions, to form a renewable energy partnership.
RPD structured the deals providing Iron Mountain with access to 100 percent renewable power for its facilities in Texas and Illinois.
The Texas and Illinois transactions amounted to over 25,000 MWh of green energy per year over the next three years. It was enough to power more than 3,000 homes annually, and adds to the amount of direct, physical energy in Iron Mountain’s overall energy portfolio supported by renewable sources.
“By working with Direct Energy and NextEra Energy, RPD was able to deliver an innovative renewable energy solution for Iron Mountain.” Eric Alam, CEO of RPD Energy, said. “The final product has the simplicity of a standard retail contract coupled with the benefits of access to locally-sourced physical energy and RECs.”
Alam said the transactions provide another example of how RPD brings together the pieces of the wholesale and retail green energy puzzle for forward-thinking companies like Iron Mountain.
RPD provided access to competitively-priced physical renewable power, without the long-term commitment and complexity associated with PPA or VPPAs. Retail contracts for Texas and Illinois are managed by Direct Energy, with renewable power supplied by NextEra Energy Resources from its Blue Summit Wind Farm in Wilbarger County, Texas, as well as other NextEra Energy Resources.
