Iron Mountain Inc. (NYSE: IRM), which provides storage and information management services, on Nov. 29 announced the activation of a solar energy array at its Freehold, New Jersey, facility that will generate 2.6 million kilowatt hours (kWh) per year.
The array, which is adjacent to Iron Mountain’s largest records management facility on the East Coast, will allow the company to offset 60% of the site’s energy consumption today, with that percentage expected to increase as other energy efficiency projects come online for the 857,194 square foot campus.
The solar array, made up of 6,444 panels capable of producing a total of 1.997 MW, will supply Iron Mountain through a 20-year, fixed price power purchase agreement with site developer Tech Advisory Group. Upon activation, it effectively doubles Iron Mountain’s installed solar production from 2 MW to nearly 4 MW, and – together with prior wind farm power purchases in Pennsylvania and Texas – will help the company utilize renewable resources for two-thirds of total North American electricity load by 2018.
“Energy usage across our real estate portfolio comprises half of our global greenhouse gas emissions (GHG) footprint,” said Ty Ondatje, senior vice president of Corporate Responsibility and chief diversity officer, Iron Mountain. “As such, renewable and sustainable energy strategies like solar represent a major opportunity for us to reduce our impact on the environment while enabling us to innovate and operate our business more efficiently. Additionally, power purchase agreements like this and others we have throughout North America help us stabilize our long term costs and enable us to use energy at lower than grid prices.”
The solar array was installed by Pro-Tech Energy Solutions of Moorestown, N.J., and sits on neighboring property belonging to The Clayton Companies, one of the largest privately held mining companies in New Jersey.
Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts.