A new, Norwegian and sustainable technology adventure is in the making as Green Edge Compute is preparing to take their green and innovative data center concept to new heights and grow their business further. Select partners and investors will be invited to stock issue processes.
Green Edge Compute develops a new breed of green and sustainable micro-edge data centers to accommodate future technology and environmental needs. As the initial pilot project comes to a successful ending, Green Edge Compute prepares for operation and growth.
Data Center Market Growth
An increasing need for computing power has transformed the data center industry into one of the fastest-growing industries worldwide. Today, more than eight million data centers globally enable us to realize the many technological benefits we enjoy in our everyday lives. Whether we are talking about streaming services, smart cities, digital financial services, or cryptocurrency, data centers give us the server capacity and computing power necessary for the modern, digital life.
And, as the number of internet-connected devices continues to grow with the rise of the Internet of Things (IoT), the penetration of cloud computing continues to increase, and 5G networks emerge, the global data center market is expected to grow even further.
According to a recent report by Research and Markets, the global data center market is expected to grow at a compound annual growth rate of 13,4 % during 2020-2027, reaching USD 143,4 billion in 2027. The global cloud storage market, on the other hand, is projected to grow at a compound annual growth rate of 22,3 % over the period 2020-2025, from USD 50,1 billion to USD 137,3 billion.
As the data center and cloud computing markets continue to grow, opportunities arise for new market entrants. We in Green Edge Compute aims to leverage these opportunities by building a new generation of green and sustainable data centers in urban areas and become an essential contributor to the Nordic and international data center ecosystem.
The Need for Sustainable Micro-Edge Data Centers
Green Edge Compute does not, however, want to pursue business as usual. We want to position ourselves as an industry player helping to solve two critical challenges that arise from increasing cloud computing and data storage needs.
First, the data center industry has become one of the most energy-consuming and environmentally challenging industries globally, generating the same amount of carbon emissions as the entire airline industry. According to some estimates, the carbon footprint of our gadgets, the internet, and the systems supporting them account for 3,7 % of global greenhouse emissions. And these emissions are predicted to double by 2025 and reach 14 percent in 2040.
Second, the rise of the Internet of Things (IoT), artificial intelligence (AI) capabilities, and 5G networks requires a new breed of small, high-performance, and low-latency data centers located close to the end-user. Gartner predicts that by 2025, 75% of enterprise-generated data will be created outside of centralized, hyperscale data centers. Consequently, the need for a new breed of small-scale modular data centers, or micro-edge data centers, is emerging.
This is where Green Edge Compute comes in.
Going Green is More Cost-Efficient for Data Center Operations
To accommodate the emerging data center industry challenges, Green Edge Compute is currently developing green micro-edge data centers in urban areas with innovative cooling technology and high-density hardware that enables efficient energy utilization and reduces data center operational expenses.
- Sustainable energy consumption: Our data centers exclusively rely on renewable energy and may use up to 40% less energy than other data centers.
- Effective use of space: Leveraging liquid cooling for servers and other equipment and using high-density hardware, we can reduce the total size of our data centers up to 90 %, making it easier to leverage existing facilities and buildings in urban areas.
- Turning power into heat: By using liquid cooling technology, we generate hot water as a waste product that may be delivered into the city district heating system as a sustainable heating product. Our data centers may reuse up to 90 % of all energy in local district heating systems, generating additional revenue streams for our data center operations.
- Reducing CO2 emissions: Traditional data centers typically drop generated waste heat out in thin air. Since our data centers save energy by using less space and reuse most of the energy as heat, the CO2 benefit is enormous.
- Enabling Edge Computing: We shift the focus from centralized data centers to the periphery, or the edge, of the infrastructure – moving storage and computing resources to the point where data is generated. Our data centers include all the required storage, computing, power, and cooling facilities necessary for enabling Edge Computing and low-latency, high-performance computing services. If you can’t bring the data closer to the data center, bring the data center closer to the data.
By design, our data center concept significantly reduces energy consumption costs and provides more computing power per square meter. Liquid-cooling technology helps us slash electricity costs, high-density hardware enables us to operate smaller and lower-priced data center facilities, and excess heat generation provides us with additional revenue streams.
Read more about our data center concept.
A New Green Micro-Edge Data Center in the Making
Throughout our formative years, Green Edge Compute has collaborated with some of the world’s leading technology companies to quality and security assure our data center hardware and software design to fit the highest high-performance computing (HPC) and latency demands.
In 2017, we launched a revolutionary feasibility study with leading industrial tech and consulting companies demonstrating in detail how smart, sustainable and urban development projects can leverage green, micro-edge data centers to boost local job opportunities in technology, reduce latency and reuse excess heat generated from data center servers in the city district heating systems.
The study demonstrated that a 100,000 square meters solar-powered city could produce 2 MW of renewable power to a liquid-cooled data center that generates almost 2 MW of heat back to the 100 000 square meters of buildings as a nearby ecosystem.
Today, we are part of the EU-funded +CityxChange project, working closely with Trondheim municipality, Statkraft Varme, telecom providers, and innovative technology companies. As part of this project, Trondheim develops innovative and sustainable energy solutions by implementing Positive Energy Blocks (PEBs), geographically limited areas that consume less energy than they locally produce. One of these PEBs is currently under development, where Green Edge Compute builds the world’s most sustainable micro-edge data center. The data center will be operative in 2022.
Read more about our Trondheim pilot project here.
The new data center in Trondheim is just the beginning. By 2025, Green Edge Compute will establish similar data centers in most major Nordic cities before introducing our innovative data center concept globally.
Leveraging Strategic Partnerships as a Growth Strategy
To realize our ambitious expansion goals, Green Edge Compute relies on strategic partnerships. Instead of building our own internal sales organization, we collaborate closely with innovative and well-established cloud, telecom, and data center provides to become part of their available service offerings.
Green Edge Compute will not become a new industry competitor but an additional local resource for companies with large-scale data storage and compute needs that want to take part in the green transformation of the data center industry. Our mission is to become the sustainable choice for all data center users, whether they use recognized cloud computing platforms or operate their own servers in-house or on co-locations.
Initiating the Next Growth Phase
Green Edge Compute is currently initiating the next phase in our growth strategy. We have the necessary funding to take our data center concept to the next level. An increasing number of companies are willing to participate in our green technology journey. And we will soon demonstrate the world’s most sustainable data center in Trondheim.
A new era of green micro-edge data centers is upon us. Green Edge Compute will spearhead the development of future-proof and sustainable data centers that accommodate all future technology and environmental needs.
If you would like to learn more about Green Edge Compute, our data center concept, and how you can contribute to the green data industry transformation, please contact us via the form below. We will get back to you within a few days.