Equinix is a leading global provider of data center and interconnection solutions, operating in the Data Center REIT sector. The company is headquartered in Redwood City, California, and has a presence in over 50 markets across five continents. Equinix is committed to decarbonisation and corporate energy sustainability, and has made significant strides in these areas through its use of renewable energy and corporate power purchase agreements (PPAs).
Decarbonisation is a key priority for Equinix, and the company has set ambitious targets to reduce its carbon footprint. In 2015, Equinix committed to a science-based target to reduce its greenhouse gas emissions by 50% by 2020, and achieved this goal ahead of schedule in 2019. The company has now set a new target to reach net-zero emissions by 2030, in line with the Paris Agreement.
One of the ways that Equinix is achieving its decarbonisation goals is through the use of renewable energy. The company has committed to sourcing 100% renewable energy for its global operations, and has made significant progress towards this goal. In 2020, Equinix sourced 91% renewable energy for its global operations, up from 84% in 2019. The company is also a member of the RE100 initiative, which brings together companies committed to using 100% renewable electricity.
Equinix is also using corporate power purchase agreements (PPAs) to support the development of new renewable energy projects. In 2020, the company signed a 15-year PPA for 105 MW of wind power in Texas, which will support the development of a new wind farm. This PPA is expected to generate over 525,000 MWh of renewable energy annually, which is equivalent to the energy consumption of approximately 50,000 homes.
Equinix is also exploring new ways to reduce its carbon footprint, such as through the use of innovative cooling technologies. The company has developed a new cooling technology called "Cooling as a Service", which uses artificial intelligence and machine learning to optimize cooling systems in data centers. This technology has the potential to reduce energy consumption and carbon emissions by up to 50%.
In addition to its focus on decarbonisation, Equinix is also committed to corporate energy sustainability. The company has set a target to reduce its energy consumption by 20% per unit of capacity by 2025, and has made progress towards this goal. In 2020, Equinix achieved a 13% reduction in energy consumption per unit of capacity, compared to its 2016 baseline.
Equinix is also using innovative technologies to improve the efficiency of its data centers and reduce energy consumption. The company has developed a new platform called "Equinix Fabric", which allows customers to connect to multiple cloud providers and network services through a single platform. This platform can help to reduce the need for physical infrastructure and improve the efficiency of data center operations.
Overall, Equinix is a leading player in the Data Center REIT sector, with a strong focus on decarbonisation and corporate energy sustainability. The company's commitment to renewable energy and corporate PPAs has helped to support the development of new renewable energy projects, while its innovative cooling and networking technologies have the potential to improve the efficiency of data centers and reduce energy consumption. As Equinix continues to lead the way in sustainable data center operations, it is likely to remain a key player in the industry for years to come.