Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, began to power a segment of its New Jersey and Pennsylvania operations with local wind energy in March under a new supply agreement arranged by Renewable Power Direct (RPD), the national green power marketer. Under the agreement, Leeward Renewable Energy, through its Jersey-Atlantic Wind (JAW) generating facility, will be the source of physical power to cover a portion of Iron Mountain’s electric load and advance corporate sustainability goals.
“The power purchase that RPD sourced will assist Iron Mountain in meeting its goals under the EPA’s Green Power Partnership,” said Kevin Hagen, Director of Corporate Responsibility for Iron Mountain. “We’re pleased to help pioneer this new product offer from RPD. They are giving us a practical way to buy the green electricity for our immediate needs in the right quantity, at the right time, in the right place and at the right price to help us meet our financial and environmental goals. This is a key objective for us as we address our immediate priorities for sustainability while continuing to invest in longer-term strategies for the future.”
“Iron Mountain is helping corporate America implement new models for switching to renewable energy,” said Gregory C. Staple, Chairman of RPD. “RPD pioneered medium-term energy purchasing options, so that any business can benefit from directly buying green power. As Iron Mountain has shown, RPD’s contracts can also be a great complement to a company’s longer term power purchase agreements,” said Staple. “We expect RPD’s approach will grow the demand for renewable power across the business spectrum.”