For the first time ever for the company, Iron Mountain, Inc., has announced that it plans to add solar panels to the roofs of eight of its document storage facilities, located in Massachusetts, Connecticut and New Jersey. Once installed, the panels will allow the facilities to produce more than 5.2 million kilowatt-hours of energy in their first year of operation alone and ultimately to offset almost 7 million pounds of carbon dioxide annually, according to reports.
To complete the process, Iron Mountain is working with SunEdison. Through power purchase agreements, SunEdison will be the one to pay for, build and keep up with the solar installations; Iron Mountain will buy the energy at a fixed rate for 20 years.
“This is a win-win for our company and the communities where we do business,” said company CEO and Chairman Richard Reese. “We’re able to lock-in energy rates over the long haul, while our facilities produce clean renewable energy for the communities where we do business. Given our sizeable real estate footprint and the economic model of solar energy, this was a no-brainer. We’re excited to install these solar panels, and we’ll look to identify additional locations.”
With construction beginning as early as this summer, the panels will be added to two Iron Mountain facilities in Windsor, Connecticut; one in Northborough, Massachusetts; three in East Brunswick, New Jersey; and two in Freehold, New Jersey. The panels are expected to be operational by early 2013.
Although these panels will be Iron Mountain’s first-ever solar installations, they are part of the company’s broader initiative to support environmental sustainability. For more information about its corporate responsibility program, Taking CARE, visit IronMountain.com/Company/Corporate-Responsibility.aspx.
(Image source: IronMountain.com)