Landsvirkjun, Iceland’s national power company, and Reykjavík Data Center (Reykjavík DC), a high-performance computing data center, have signed a Green Power Purchase Agreement guaranteeing certified renewable energy at the data center.
Located in Reykjavík, the data center will use 100% hydro-electric and geothermal renewable energy from Landsvirkjun.
With this agreement, Reykjavík DC becomes Landsvirkjun’s fourth customer in the data center industry. A large-scale, sustainable and state-of-the-art data center, Reykjavík DC offers its clients a range of bespoke server density options and hosting environments that are all fully scalable and provided without extra expense by using 100% natural, ambient cooling. The data center also provides its clients with various services on demand in verticals such as the financial, government, telecom, automotive and medical sectors.
This agreement with Landsvirkjun will enable the Reykjavík DC to issue green bonds to finance further expansions. The electricity covered by the agreement will be delivered from Landsvirkjun’s current power system, which has significantly increased its capacity in recent years by introducing new hydropower, geothermal energy and wind power stations.
The data center industry is one of the fastest-growing industries in the world, and Iceland is a prime location for clients looking to develop more sustainable data centers. The company offers low corporate tax, efficiency in a European legislative framework, and vast availability of land for development. Its naturally cool climate keeps energy levels low for data centers, and its abundance of renewable energy sources further ensures the most cost effective high-energy use.
“Our agreement with Landsvirkjun is a milestone for the industry and a crucial response to the ongoing demand for a high-tech data center in the capital area,” said Gísli Valur Guðjónsson, chairman of the Reykjavík DC. “The companies behind the data center are well-established in the Icelandic market, and with this project becoming a reality, we are now in a strong position to attract new customers both in Iceland and abroad.”
This article was previously published on Power Engineering International and was reprinted here with permission.