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  •  Um, not sure if (0+ / 0-)

    I'm in the right place. Have been looking into this and thinking of doing a diary. Seems to me to be a huge story, haven't seen it here, but sure you must know about it.

    The Wellcome Trust Signs Definitive Agreement to Invest in Green Data Center Developer, Verne Holdings, ehf

    The Wellcome Trust to fund development of the first large-scale green data center campus in Iceland

    Keflavik, Iceland - January 15, 2010 - Verne Holdings, ehf, parent company of Verne Global, announced today that it has signed a definitive agreement for an equity investment from the Wellcome Trust. The Wellcome Trusts investment will fully fund the completion of the first phase of Verne Globals wholesale data center campus in Iceland. With this investment, the Wellcome Trust, a medical research charitable foundation based in London with US$21 billion of assets and an Aaa/AAA credit rating, will become the largest shareholder in Verne Holdings, ehf.

    "Large scale customers face a critical need to reduce substantially the power costs and carbon footprints of data centers," said Dominic Ward from the Wellcome Trusts Investments Division. "Verne Global is breaking new ground in using Iceland's natural green resources to mitigate both increasing emissions and rising energy costs."

    The Wellcome Trust joins existing investors, General Catalyst and Novator. Verne Globals 44 acre data center campus is currently under construction on the former NATO Command Centre in Keflavik, Iceland. Verne Global is employing Iceland's diverse natural resources to offer data center customers free cooling and 100% renewable power from the region's abundant supply of geothermal and hydroelectric energy.

    I'm not a great diarist, but think this is newsworthy, what do you think?

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