Landsvirkjun and Verne Global sign new green power contract

30.06.2021Viðskipti
From left: Helgi Helgason, Managing Director of Verne Global hf., Hörður Arnarson, CEO of Landsvirkjun and Tinna Traustadóttir, Excecutive VP of Sales and Services, Landsvirkjun.
From left: Helgi Helgason, Managing Director of Verne Global hf., Hörður Arnarson, CEO of Landsvirkjun and Tinna Traustadóttir, Excecutive VP of Sales and Services, Landsvirkjun.

Companies team up to continue providing data center solutions powered by abundant, cost-predictable energy that is 100 percent green

Landsvirkjun and Verne Global hf. have today announced the signing of a new power contract. Valid until 2030, the power contract is certified green (via the Corporate Green Power Purchase Agreement), guaranteeing that the energy being supplied to Verne Global‘s Icelandic data center is produced completely by renewable energy sources.

Verne Global has been in business with Landsvirkjun since 2009 and was the first international data center to be established in Iceland. The zero emission facility is optimised for AI and other computer-intensive workloads, while offering customers full life-cycle support to enable maximum performance and flexibility for these workloads.

Working with Landsvirkjun, Verne Global can provide significant cost savings associated with tapping into Iceland’s abundant hydroelectric and geothermal renewable energy sources while reducing carbon emissions. For example, BMW and Volkswagen both work with Verne Global to leverage the data center’s optimised environment for high intensity computing to improve the design of their cars, shorten design time, and optimise car traffic, all without negatively impacting the planet. Other Verne Global customers include financial institutions, biotechnology research companies and artificial intelligence specialists.

Hörður Arnarson, CEO of Landsvirkjun:

“The data center industry in Iceland is on the rise and is one of the fastest growing energy-dependent industries in the world. Demand for high performance computing (HPC) is growing, and the country’s unique position in its ability to provide reliable, green energy on competitive terms, as well as its temperate climate, makes it the ideal cool environment for data centers. It is a great pleasure to see Verne Global continue to grow and be able to support the company's future plans.”

Dominic Ward, CEO of Verne Global:

“In Iceland we have found the ideal location for high intensity compute, fuelled by supernatural power that doesn’t cost the earth,” said Dominic Ward, CEO at Verne Global. “Landsvirkjun has been an instrumental part of our ability to offer unique and competitive advantages to our customers, such as predictable and low energy prices. Most countries’ electricity pricing is subject to fluctuations depending on market conditions, but through working with Landsvirkjun in Iceland we can provide customers with the stability that comes with knowing the long-term power costs of their data center operations and 100 percent renewable.”