ADDING 4.5MW TO THE COLORADO FACILITY
Data center colocation, cloud and connectivity provider, Flexential, has announced it plans to expand the power capacity of its data center in Englewood, Denver, Colorado.
As designed, the Englewood Data Center power expansion will deliver an additional 4.5MW capacity, bringing the total data center capacity to 11.25MW. Currently, Denver is home to four Flexential data centers which offer over 20MW and more than 490,000 square feet of combined metro capacity. This expansion which is scheduled to be ready by the end of this year, is further expected to compliment the company’s footprint and operations in Denver amidst rising demands.
“Amidst rising customer demand for new services and increased power, it is important to ensure our customers have a scalable and reliable data center option that can support their range of capacity needs,” said Ryan Mallory, Chief Operating Officer of Flexential.
“Denver is a primary market for us and continues to be a hot spot for data center growth. We are fully committed to an ongoing investment in this market, as well as achieving our goal to increase the power capacity at Englewood by year end.”
About 3 months ago, Flexential completed what is considered the largest single asset-backed securities (ABS) issuance to date in the data center industry, including the largest-ever green data center ABS financing, to support its rapid growth and development.
As part of the $2.1 Billion inaugural securitization financing, Flexential issued the green notes under its new Green Finance Framework, which claims to set a new standard for green eligibility in the data center industry. Setting a new industry benchmark, the offering is further expected to improve the company’s investment grade credit profile, lowers the cost of capital, and allow Flexential to deploy greater data center capacity in new and existing markets.
As announced, a wholly owned subsidiary of Flexential issued $1.6 billion green ABS notes as part of a debut $2.1 billion entrance into the U.S. ABS market.