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May 12, 2023
HELSINKI, Finland – May 12, 2023 Equinix, Inc. (Nasdaq: EQIX) – The world's digital infrastructure companyTM, and Fortum have agreed to work together to recycle the heat from Equinix's two data centers located in Espoo, Finland, into Fortum's district heating network. In the initial phase, the solution's heat output is around 4 megawatts, and the amount of heat produced corresponds to the heat demand of up to 2,000 private homes per year.
Equinix is committed to making all of its operations climate-neutral by 2030 and today Equinix operations in Finland are already covered by 100% renewable energy. Servers in data centers generate a significant amount of heat, and Equinix is increasingly anticipating on working with partners in local communities to recover that heat to support communities in the neighbourhoods we operate.
Fortum provides cooling to Equinix’s data centers and recovers heat energy from the servers’ cooling system’s return water. It raises the heat’s temperature to a suitable level for the district heating network and recycles the heat energy for distribution as district heating to customers’ properties in Espoo, Kauniainen, and Kirkkonummi. The solution’s power can be increased to 6 megawatts in the coming years.
Increasing the share of electricity-based recovery heat is a vital part of Fortum's district heating carbon neutrality goal for this decade.
"We are delighted to be working with Fortum on this project. The project is the first of its kind in Espoo, and we are very pleased to be able to serve local households with our data centers in this way. Our cooperation with Fortum is another step towards our goal of being carbon-neutral by 2030 and a key part of our strategic sustainable development initiatives," says Sami Holopainen, Managing Director of Equinix Finland.
"Our cooperation is ideal for both parties. Heat generated by cooling can be efficiently transferred to buildings connected to the shared heating network. At the same time, Equinix's data center carbon dioxide emissions decrease, and our customers, i.e., households, services, and companies, get competitive, clean, and reliable electricity-based district heating," says Timo Kivi, Sales Director of Projects in Fortum's Heating and Cooling Business.
Equinix’s Finland operations are covered by 100% renewable energy. The company has also invested in domestic wind power, signing a series of Power Purchase Agreements with Neoen and Prokon in Finland totalling 129 MW.
Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com
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 organisations 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 COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate 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 centres 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 centres; 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 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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