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FRANKFURT, XX November 2021: CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), today confirmed the acquisition of 5.7 acres (223,233 sq m) of land to build a second data center facility with a critical power capacity of 21MW adjacent to its existing Frankfurt IV to create a multi-tenanted campus. This building adds to CyrusOne’s existing operational portfolio of three data centers in the Sossenheim district with a combined power capacity of nearly 100MW.
Upon completion, this second building will deliver 6,000 sq m of world class technical space within a single two-story building plus basement. The data center follows many sustainable specifications aligned to CyrusOne’s design philosophy, including the deployment of closed loop chilled-water cooling facilitating a low Water Usage Efficiency (WUE) and Power Usage Efficiency (PUE), and BREEAM certification ‘very good’. The earliest phase of construction is planned for Q1 2023, with the first phase of 9MW delivered Q4 2024.
“The acquisition of the land for the second building within our Frankfurt IV campus is indicative of the notable demand and related success that CyrusOne has had in Europe and particularly in Frankfurt,” said Matt Pullen, EVP and Managing Director Europe, CyrusOne. “Our ability to quickly respond to our customers’ needs in the market continues to demonstrate our capabilities and reliability, propelling our growth in the region.”
CyrusOne operates more than 50 high-performance data centers worldwide to provide customers with the flexibility and scale to match their specific IT growth needs. The company’s European portfolio accounts for nearly 218 MW across Frankfurt, London, Amsterdam, Paris and Dublin, inclusive of operating data centers and active developments.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its nearly 50 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management as of the date of this press release. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance or operations, our anticipated growth and trends in our and our customers’ respective businesses and industries, and other characterizations of future events or circumstances, such as the development, completion, operation and leasing of Frankfurt IV Building 2 and other sites under development in the European market, are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. More information on these risks and uncertainties and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company disclaims any obligation other than as required by law to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors or for new information, data or methods, future events or other changes.
Escalating power demands, reliability concerns, and sustainability targets are priority issues for the data center industry. To address these challenges, nuclear energy via SMRs has emerged as a potential energy source. According to Data Center Knowledge, SMR vendors are expected to launch commercially available solutions in the late 2020s or early 2030s.
The need for alternative energy sources in the industry is clear. According to a recent study by the Electric Power Research Institute, data centers consume up to 9% of U.S. electricity generation by 2030—more than double the amount currently used. With about one-third of the world’s 8,000-plus data centers located in the United States, electricity demand for these facilities is expected to grow by about 10% a year by 2030 from 2022 to 35GW, as reported by McKinsey.
