Yahoo Finance "Help Us Heat Our Neighbors" - Equinix Makes Data Center Heat Available to Warm Nearby Buildings and Swimming Pools
Partnerships with Municipalities and Energy Infrastructure Providers is essential
REDWOOD CITY, Calif., June 5, 2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, is calling for municipal planning agencies, energy utilities and heat network operators around the world to join the Equinix Heat Export program to unlock the value of the residual heat generated in its International Business Exchange™ (IBX®) data centers.
Equinix's innovative Heat Export program recovers residual heat from its IBX data centers and exports it to buildings in surrounding communities, providing a cleaner alternative to traditional methods at a time of rising global energy prices and supply constraints. The company has implemented several Heat Export initiatives across Europe and the Americas with projects in France, Finland, Germany, Ireland, Switzerland and Canada.
Beginning next month, Equinix plans to export heat in its newest IBX in Paris, PA10, and transfer it to the Plaine Saulnier urban development zone and the Olympic Aquatic Centre, which will host several events during the 2024 Summer Olympics. Heat exported from TR5, one of Equinix's IBX data centers in Toronto, is distributed throughout multiple residential buildings, as well as a nearby hotel, university and local shopping center in downtown Markham. TR5 also services multiple buildings with domestic hot water all year long, thanks to the heat network of Equinix's energy partner, Markham District Energy.
Equinix is dedicated to expanding its Heat Export program in suitable locations, where data centers can serve as valuable heat sources for local communities. It is actively seeking partnerships with organizations such as heat network operators, energy utilities and local municipalities to bring heat export projects to fruition. By collaborating with these entities, Equinix aims to make a significant positive impact in the communities where it operates.
"Our Heat Export program is one important way data centers can give back to their local communities," explained Gary Aitkenhead, SVP, EMEA IBX Operations, Equinix. "However, it is only possible through collaboration with energy providers, governments and other third-party enablers. So, we are asking for more partners to join the program and re-use the heat from our operations for the good of people and our planet."
Globally, Equinix is investing in new and innovative technologies in energy efficiency, renewable energy and heat export projects as part of its global Future First sustainability strategy, focusing on areas that have the greatest impact on customers and key stakeholders. The company was the first in the data center industry to align to an approved short-term science-based target, for emissions reduction across its global operations and supply chain by 2030. It is also a founding signatory of the EU Climate Neutral Data Centre Operator Pact, which is leading advocacy and steering the development of sustainability requirements for the EU data center industry to become climate neutral by 2030.
For more details about becoming a partner in the Equinix Heat Export program, please contact heatexport@equinix.com.
Additional Resources
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company®. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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SOURCE Equinix, Inc.
