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Jun 19, 2024
Equinix tackles AI-related IT challenges with over 4,000 cabinets in Sydney and Melbourne
SYDNEY, Australia – 20 June 2024 — To support the rising need for high-density power, advanced cooling and interconnection as demand for digital infrastructure accelerates including artificial intelligence (AI), Equinix, the world’s digital infrastructure company®, invested AU$240 million (approx. US$160 million) to add a total of 4,175 cabinets to two of its International Business Exchange™ (IBX®) data centres - SY5 in Sydney and ME2 in Melbourne.
A recent CSIRO report shows that 68% of Australian businesses have already implemented AI technologies and a further 23% are planning to implement in the next 12 months.[1] However, to effectively harness the power of AI they require infrastructure that can support the needs of higher power density, advanced cooling and connectivity. Private AI is becoming a preferred choice for enterprises as it offers the control, privacy and security they need while satisfying requirements for data governance, performance and predictable costs.
Guy Danskine, Managing Director, Equinix Australia, said, “The expansion of SY5 and ME2 ensures we have the capacity in place so customers can continue to take advantage of the thriving Australian digital economy with minimal friction. Since Private AI is emerging as the preferred model of adoption, access to high performance digital infrastructure is essential. This provides organisations with low-latency connectivity to multiple cloud providers, as well as private infrastructure enabling them to leverage best of breed AI models while maintaining localisation and control of their data. Sustainability and efficiency remain a core focus to ensure we deliver this increasingly energy-intensive digital infrastructure in a responsible way.”
Built upon a multicloud foundation, Equinix’s distributed platform architecture brings AI directly to where the data resides along with providing high speed connectivity to an ecosystem of providers and partners. This enables enterprises to maintain ownership over their data and comply with data sovereignty and regulatory requirements. Equinix also provides easy access to dedicated and managed infrastructure, making it simple for organisations to develop, deploy and manage AI applications while maintaining predictable costs and performance.
To address compute-intensive AI workloads, Equinix plans to expand support for advanced liquid cooling technologies—like direct-to-chip—in Australia from early 2H 2024. This expansion will enable more businesses to use the most performant cooling technologies for the powerful, high-density hardware that supports them in leveraging AI.
Equinix has implemented a wide range of sustainable construction initiatives in both SY5 and ME2 data centres. These initiatives aim to minimise waste and maximise the use of recycled materials during the building process. Notably, Equinix has achieved a remarkable 95% recycling rate for all waste on-site, including copper, steel, and cardboard.
Additionally, by adopting a digital twin approach using 3D building information modelling (BIM), Equinix has successfully reduced waste from services such as electrical cabling, ductwork and fire pipes by 25%. These locally deployed initiatives are part of Equinix’s global Future First sustainability programme, focused on delivering the highest value to its customers while minimising environmental and social impact in communities where the company operates.
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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 organizations 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, including forward-looking statements regarding Equinix's intended use of proceeds and effective after-swap interest rate. 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 current inflationary environment; foreign currency exchange rate fluctuations; stock price 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 centers 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 centers; 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; risks related to regulatory inquiries or litigation 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.
Equinix Media Contact (Asia-Pacific)
Annie Ho
annho@ap.equinix.com
Equinix Media Contact (Australia)
Graham White
+61 404 840 533
graham@pratar.com.au