CAPRE’s Data Center Industry Round Up for May 16, 2019
Check out the latest in deals, development and disruptive technology in the data center space for May 16, 2019:
- Flexential Announces Massive Data Center Expansion in Atlanta: Flexential will now provide additional speed, security and services for the fast-growing financial technology (FinTech) industry with the completion of a 70,000-square-foot expansion to the company’s Atlanta colocation facility. The expansion is the Atlanta region’s largest this year, bringing Flexential’s national data center footprint to 3.1 million square feet, and representing its continued commitment to providing secure, high-density power, and cost-effective data center solutions to customers in financial services, technology and data intensive industries.
- Minnesota Public Utilities Commission Approves Xcel Energy’s Plans for Google Data Center: The Minnesota Public Utilities Commission today approved several electric service agreements and related ratemaking treatments submitted by Xcel Energy to provide electric service to a proposed new data center that would be owned and operated by an affiliate of Google (Honeycrisp Power LLC). The data center would be located in Becker, Minnesota on property adjacent to Xcel’s Sherco coal plants. This is a major procedural step in Google’s plans for the Minnesota development.
- Verizon Launches IoT Network Nationwide: Verizon’s Narrowband IoT Network is now available coast-to-coast, covering more than 92% of the US population. The launch of this additional IoT connectivity option in combination with the company’s ThingSpace management platform, APIs, tools and rich ecosystem of partners will provide enterprise customers the ability to bring unique NB-IoT solutions to market quickly. Narrowband Internet of Things (NB-IoT) technology is specifically designed for IoT applications that could benefit from access to lower cost chipsets, superior coverage and significantly prolonged battery life. The NB-IoT Network provides the ability to manage both IP and non-IP data traffic. This ability to handle non-IP data traffic allows for the creation of much simpler and more cost-effective IoT devices which are ideal for solutions that aren’t designed to be always mobile such as alarm panels, environmental sensors, industrial appliances, factory equipment and parking meters.
- Cloud Infrastructure-as-a-Service Market to Grow at 27% CAGR: According to a new Frost & Sullivan report, the strong market demand for cloud Infrastructure-as-a-Service (IaaS) is expected to drive the $45.6 billion market toward $150.7 billion by 2023, at a compound annual growth rate of 27%. Enterprises are using the cloud for strategic benefits such as supporting digital transformation rather than for tactical ones, such as reducing IT infrastructure costs and hardware/software maintenance burden. This has changed the way enterprises choose and manage their infrastructure, and led them to deploy applications across multiple infrastructures, from on-premises to cloud (multi- and single-tenant), resulting in higher demand for IaaS.
- ADLINK to Develop Edge Computing Platform for Intel: ADLINK Technology is collaborating with Intel to develop its latest Edge Computing platform MECS-6110 as an Intel Select Solution. The MECS-6110 is specifically designed to enable customers to explore new business models and service opportunities through new applications architectures in the era of 5G. Intel Select Solutions are a family of workload-optimized, infrastructure solutions, aiming to help end users simplify design choices by bundling hardware and software pieces together while making high performance more predictable. Intel® Select Solutions for uCPE are based on the Intel Xeon D processors, and can be deployed quickly and efficiently for various network function virtualized (NFV) applications by network operators, service providers, cloud service providers, or enterprise infrastructure companies.
- Digital Realty Declares Quarterly Cash Dividend for Common and Preferred Stock: Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that its board of directors has authorized quarterly cash dividends for common and preferred stock for the second quarter of 2019. For example, Digital Realty’s board of directors authorized a cash dividend of $1.08 per share to common stockholders of record as of the close of business on June 14, 2019. The common stock cash dividend will be paid on June 28, 2019.