2CRSI
2CRSi SA
2CRSi & Lamplighter Energy Sign Agreement for Renewable Energy & Storage to Power Data Centers in the USA
San Jose, California, 6th October 2022 - 2CRSi (EPA: 2CRSI, ISIN code: FR0013341781), a designer and manufacturer of high-performance energy-efficient IT solutions, announces the signature of a Power Purchase Agreement (PPA) to ensure supply of lower cost renewable energy in order to support the growth of its data center activities and facilities in North America.
Facing growing demand for HPC/Cloud Data Center services, 2CRSi continues to grow its service portfolio and data centers. In order to secure 100% clean renewable energy supply and on-site energy storage, 2CRSI signed a 25-year Power Purchase Agreement (PPA) with Lamplighter Energy Inc.
The electricity will initially come from ground mount solar installations as well as Lamplighter’s Solar PV Greenhouse systems, while energy storage systems will be a blend of utility-scaled batteries for on-demand power supply with long-term storage from green hydrogen produced on site. 2CRSi also retains the option to expand power generation facilities as necessary to meet its growing client base needs.
This new partnership is in line with 2CRSi's vision of reconciling IT and sustainability, avoiding shortages and ensuring economic and ecological profitability. It allows 2CRSi to guarantee its service while enjoying a secured 100% sustainable energy supply, at the lowest price.
The projects built in partnership with the local communities will bring not only much needed investment of capital and jobs into rural regions but direct support and expansion of their agricultural sector in line with the communities’ legacy of food production.
“This agreement aims to secure the development of our Datacenter services activities in the USA. This low-cost sustainable electricity is also less expensive than the standard energy market prices in New York State and will therefore be more profitable for all customers concerned about reducing their OPEX. Coupled with our technologies allowing a reduction of consumption of servers in Datacenter, this agreement will allow this site to become one of the most economical computer centers in the USA.", says Alain Wilmouth, CEO of 2CRSI Corporation.
Lamplighter, in coordination with fund managers emPower Real Estate, is dedicated to the protection of agricultural lands in balance with the adoption of renewables by adding to the capital stack of developer’s growth in Solar PV Greenhouses and Green Hydrogen.
“This investment taken on by both parties it not only a reflection of the near-term opportunity for inflation price control but coupled with a broader outlook on the inherent value and demand to transition to clean sources of energy and hydrogen.” Says André De Rosa, CEO of Lamplighter Energy
With a market evolving towards customer demand for very high-energy density and liquid cooling, 2CRSi's Data Center services aim to take a larger share of the Group's revenues. While expanding its service portfolio, 2CRSI remains committed to offer carbon-free solutions.
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About 2CRSi Founded in Strasbourg (France), 2CRSi group develops, produces and sells customised, high-performance and environment-friendly servers. In the 2021-22 financial year, the Group generated revenue of €183,6 million. The Group today has around 400 employees and markets its offer of innovative solutions (processing, storage and network) in more than 50 countries. 2CRSi has been listed since June 2018 on the regulated market of Euronext in Paris (ISIN Code: FR0013341781). For further information please visit: www.2crsi.com.
About Lamplighter Energy Inc. Lamplighter Energy Inc. develops and operates energy projects leading to the distribution of renewable energy, clean water, and green hydrogen. Having started in 2002 building wind power facilities in the Southwest United States and quickly expanded to an experienced team of project developers building renewable energy and water solutions throughout North America, Europe, and parts of Asia. Since inception, we’ve been involved in projects leading to the realization of over 2.4 Gigawatts of Wind, Solar, Thermal and Hydroelectric power systems.
About emPower Real Estate emPower Real Estate (www.empower-re.com) flagship US fund looks to provide its partners short-term security interests in projects located at the intersection of legacy agricultural land and technology. With a focus on contracted revenue streams, we are de-risking the deployment of capital into Agriculture, AgTech, Solar Energy and Green Hydrogen.
Contacts
Regulatory filing PDF file File: 2CRSi & Lamplighter Energy Sign Agreement for Renewable Energy & Storage to Power Data Centers in the USA |
| Language: | English |
| Company: | 2CRSi SA |
| 32, rue Jacobi-Netter | |
| 67200 Strasbourg | |
| France | |
| Phone: | +33 3 68 41 10 70 |
| E-mail: | investors@2crsi.com |
| Internet: | www.2crsi.com |
| ISIN: | FR0013341781 |
| Euronext Ticker: | 2CRSI |
| AMF Category: | Inside information / Other releases |
| EQS News ID: | 1458701 |
| End of Announcement | EQS News Service |
1458701 06-Oct-2022 CET/CEST
