STOCK TITAN

Iron Mountain Selects ClearTrace to Provide Hourly Carbon Analysis for All of its Data Centers Across the U.S.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Iron Mountain has partnered with ClearTrace to enhance its carbon accounting efforts across its U.S. data centers. This collaboration aims to achieve 24/7 renewable energy consumption and provide real-time energy and carbon analysis. Following a successful pilot program, Iron Mountain plans to utilize ClearTrace's technology to effectively monitor and enhance their sustainability efforts. This move aligns them with industry leaders like Google and Microsoft, promoting a new standard in decarbonization strategies.

Positive
  • Partnership with ClearTrace enhances sustainability efforts.
  • Aim for 24/7 renewable energy consumption can improve long-term operational efficiency.
  • Aligns with industry leaders in decarbonization, enhancing reputation.
Negative
  • None.

ClearTrace’s carbon accounting platform will provide Iron Mountain with the data and roadmap needed to achieve 24/7 load-matched renewable power for its North American Data Center energy consumption

AUSTIN, Texas--(BUSINESS WIRE)-- ClearTrace, a leading energy and carbon accounting platform, announced that Iron Mountain has selected the company to provide hourly energy and carbon analysis for all of its data centers across the United States.

Iron Mountain's New Jersey data center facility, NJE-1, has a full solar panel array that generates about 6MW of onsite renewable energy (Photo: Business Wire)

Iron Mountain's New Jersey data center facility, NJE-1, has a full solar panel array that generates about 6MW of onsite renewable energy (Photo: Business Wire)

“We are fully committed to achieving 100% clean energy for our data center customers, every hour of every day," said Chris Pennington, Director Energy and Sustainability at Iron Mountain Data Centers. “After a successful pilot with ClearTrace, we are excited for the insights their technology will provide in support of our commitment to 24/7 carbon free energy. Knowing where we are throughout the journey towards complete decarbonization is critical for accurate reporting and credible results.”

ClearTrace is providing Iron Mountain with advanced digital infrastructure to analyze their data centers’ energy usage and carbon impact on a 24/7 hourly basis, delivering 100% traceable and verifiable energy and carbon records. The data and analysis that ClearTrace provides will enable Iron Mountain to work with its suppliers to procure renewables that match its current hourly shortfalls and then achieve true 100% 24/7 carbon free energy consumption.

Iron Mountain, along with leaders such as Google and Microsoft, is spearheading a new trend of 24/7 load-matched renewables as part of their decarbonization strategy. This 24/7 method, compared to purchasing renewables on an annual match basis, tangibly reduces carbon emissions and, according to a recent study by Princeton Zero Lab, will make the broader transition to 100% carbon free energy more affordable and achievable. Three of Iron Mountain’s campuses have already begun tracking 24/7 carbon free energy performance, becoming the first large colocation data center provider with this capability. Now, with ClearTrace, its additional seven data center campuses can be tracked to the same level of granular hourly performance.

Data center carbon emissions are known for being both critical and difficult to decarbonize. For most large companies, data center carbon emissions are part of their “Scope 3” emissions, the types of emissions they need their vendors to decarbonize on their behalf.

“The world's top businesses need data to be stored in carbon free data centers to achieve their ESG goals,” said Lincoln Payton, CEO at ClearTrace. “We are honored to work with Iron Mountain to lead the path forward for 100% carbon free data centers.”

About ClearTrace
ClearTrace is a leading energy, data, and technology company streaming secure energy data to the world of energy management, ESG reporting, and corporate sustainability. ClearTrace’s digital assets represent the purest form of proof and immutability for the real-world impact of energy generation. ClearTrace allows companies to stand behind their claims of carbon reductions, sustainability, and renewable energy to prevent greenwashing and provide a source of truth for corporate decarbonization. For more information, please visit cleartrace.io or contact info@cleartrace.io.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader in innovative storage and information management services, storing and protecting billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Through a range of services including digital transformation, data centers, secure records storage, information management, IT asset lifecycle management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. To learn more about Iron Mountain, please visit: www.IronMountain.com and follow @IronMountain on Twitter and LinkedIn.

Media

Katie Durham

Vice President, Cleantech

Antenna Group

katie.durham@antennagroup.com

Media

Sander Deutekom

Marketing Manager

Iron Mountain Data Centers

sander.deutekom@ironmountain.nl

Source: ClearTrace

FAQ

What is Iron Mountain's partnership with ClearTrace about?

Iron Mountain has partnered with ClearTrace for hourly energy and carbon analysis to achieve 24/7 renewable energy for its data centers.

How does the ClearTrace platform benefit Iron Mountain?

The ClearTrace platform provides advanced digital infrastructure to analyze Iron Mountain's energy usage and carbon impact hourly.

What are Iron Mountain's goals regarding clean energy?

Iron Mountain aims to achieve 100% clean energy for its data center customers continuously.

Which companies are leading the 24/7 renewable energy trend?

Iron Mountain is among companies like Google and Microsoft that promote 24/7 load-matched renewables.

How does the partnership impact Iron Mountain's decarbonization strategy?

The partnership allows Iron Mountain to track its carbon-free energy performance, aiding in its decarbonization goals.

Iron Mountain Inc.

NYSE:IRM

IRM Rankings

IRM Latest News

IRM Stock Data

33.53B
293.46M
0.82%
85.98%
3.05%
REIT - Specialty
Real Estate Investment Trusts
Link
United States of America
PORTSMOUTH