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Redaptive Upgrades Iron Mountain Sites Across The Globe Increasing Their Energy Savings

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Case Study: Upgrade Iron Mountain facilities with energy efficient LED lighting to reduce costs and reduce energy consumption.

THE CHALLENGE

  • Iron Mountain, the global leader for storage and information management services engaged Redaptive's support in executing a multi-year energy strategy across its global portfolio. The company has a mandate to reduce electricity consumption (non-data center facilities) by 2% but needed capital to help fund their retrofit projects across their wide portfolio of sites.

THE SOLUTION

  • Redaptive collaborated with CBRE, which resulted in a plan that delivers a guaranteed savings rate of 10% over a 5 year term across the first phase of sites. The second phase will include sites across Canada, Australia, and Europe along with RTU retrofit across a number of sites.
  • Together they covered all project costs and worked with Iron Mountain and installation partners to design efficiency upgrades, manage vendor network, and navigate regional rebate programs to maximize savings.

THE IMPACT

  • Iron Mountain utilized Redaptive's flexible financing program to inject $3M of capital to buy down the contracts early. This allows the Customer to bring capital to the table when it is available to them, shorten the contract term, and earned them $750K in opex savings in 2020.

CURRENT PROGRAM HIGHLIGHTS

  • Project Footprint: 152 sites, 15M ft.2
  • Fixtures Upgraded: 109K
  • Annual Energy Savings: 3M kWh
  • 10 Yr. Net Energy Savings: $4.9M
  • Annual Emissions Saved: 2,117 mt. of CO2

SITE MAP:

Iron Mountain Redaptive Site Map

FUTURE PORTFOLIO HIGHLIGHTS

  • Phase 2 and 3 will address lighting, HVAC and other larger equipment replacements
  • 700+ Sites in the US and Canada
  • Expanding program to UK in 2019
  • Programmatic RTU Replacements