Fortune Data Centers Reaches Full Capacity in Six Months — Begins Phase Two Development
San Jose, Calif. — September 15, 2009 — Fortune Data Centers, which provides premium wholesale data center space for corporate customers, announced today, within six months of opening the doors of its Phase 1 development, that 100% of the 8 Megawatt critical load capacity is leased. The company is now beginning work on Phase 2 development at the San Jose facility, which is expected to add approximately 6 Megawatts of critical load capacity. When completed, Fortune San Jose will occupy over 140,000 square feet and support nearly 14 Megawatts of IT critical load.
“Despite a tough economic climate, demand for data center space continues to be a bright spot,” said Fortune Data Centers CEO, John Sheputis. “To have a facility of this size fully leased in such a short time period should confirm the market strength of Silicon Valley. And, we have a strong team with great vendors and business partners that helped make this happen.”
“The colocation market is extremely strong, especially for high quality, highly redundant wholesale datacenter capacity. The Silicon Valley area, in particular, is one of the most under-supplied regions of the U.S., with datacenter demand exceeding supply for the past four years,” said Dan Golding, vice president and research director, Tier 1 Research. “This trend has been exacerbated by the credit crunch, which has made it tough to secure financing for large datacenter projects. The few large, high quality datacenter projects on the market are in great demand from both enterprises and Internet content providers – particularly if they are energy efficient, which makes them less expensive to operate.”
“Our tenants are among some of the most respected companies in the world,” says Sheputis. “They are experienced industry leaders in their core businesses and have many other data center holdings. They recognize that there are significant cost savings to be realized by partnering with a company that delivers highly energy-efficient data center space.”
Fortune’s Phase 1 data center delivers superior energy efficiency as measured by Power Usage Effectiveness (PUE). PUE is determined by dividing the total facility power by the IT equipment power – the lower the resulting ratio, the more efficient the data center. During independent testing through a Level 5 Commissioning Process, the data center achieved a PUE of 1.37 at full load, an energy-efficiency level far superior to the industry average data center PUE of 2.0, and better than the EPA’s 2011 target PUE of 1.45 for state-of-the-art enterprise-class data centers.
“We have participated in several PG&E efficiency programs and have been very happy with the results. We exceeded our PUE projections for Phase 1 and expect to deliver an even better PUE for Phase 2 by leveraging and advancing many of the efficiency measures used in the first phase,” explained Sheputis. “We are currently defining the technical program for Phase 2, and it will include state-of-the-art efficiency measures for service redundancy and energy density. We’re confident that increasing the facility’s capacity will not only lower tenant operating costs, but our expansion should result in lower power costs for our tenants.”