Energy Solutions Group, the sustainable energy investment and development firm, has launched a $100 million financing facility for the rollout of renewable energy projects; with a special approach on green data centers; or data centers powered by renewables.
Firstly, the financing facility comes out of Energy Solutions and United Leasing Inc. $28 million of the $100 million will go to the newest renewable-powered datacenter in the Midwest. The project locates in the greater Chicago area; and it is a one-of-a-kind project.
Secondly, the data center is at early stages of development; it includes a newly constructed facility located at the former site of the largest powerplant polluter in the U.S. throughout most of the twentieth century.
Thirdly, the whole site will be reproposed and will hold the high-technology data center that will deliver 100 megawatts of capacity to Indiana, Greater Chicago and the Midwest. The first stage of development was over around late 2020. The green data center will also store and carries data for global hyper-scalers, national companies; and also, blue-chip telecommunication carriers.
Moreover, Energy Solutions Group has further plans to build more datacenter powerplants in the U.S. using clean, renewable energy. About the project and its relevance, Bryan Rishforth, Principal of Energy Solutions Group, said. “There are so many heavily industrialized areas of the country that are primed for this type of transformative repurposing; resulting in a revived local economy and improved environmental conditions.”
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Data centers market to grow rapidly; opportunity for green energy
In addition, he remarked. “We’re thrilled to partner with United on this exciting growth sector. The rapid proliferation of energy-intensive datacenters; also, combined with the demand for renewable energy, creates an unparalleled opportunity to have meaningful impact. The data center is also a perfect example of what Energy Solutions Group will accomplish across the country.”
Furthermore, Martha Ahlers, President, United Leasing, said. “United has supported the transportation infrastructure and also construction industries for decades; and is excited to expand into the important renewables sector.”
She finally remarked. “We have supported datacenters, but the ability to support such an important project in our home state of Indiana with renewables is very exciting.”
Finally, the financing facility comes as the data center industry has been rapidly growing; specially as people consume more data on their mobile devices and also as more workers continue to work remotely. Research firm Research and Markets estimates that the data center industry will grow by 2% every year through 2025; reaching a market size of $69B by 2024.