San Jose, California - (The Hosting News) - September 16, 2009 - Provider of premium wholesale data center space for corporate customers, Fortune Data Centers, has leased 100% of its 8 Megawatt critical load capacity, within six months of opening the doors of its Phase 1 development.
John Sheputis, CEO of Fortune Data Centers explained, ''Despite a tough economic climate, demand for data center space continues to be a bright spot. To have a facility of this size fully leased in such a short time period should confirm the market strength of Silicon Valley. And, we have a strong team with great vendors and business partners that helped make this happen.'' The company is now beginning work on Phase 2 development at the San Jose facility, which is expected to add approximately 6 Megawatts of critical load capacity. When completed, Fortune San Jose will occupy over 140,000 square feet and support nearly 14 Megawatts of IT critical load.
Dan Golding, vice president and research director, Tier 1 Research added, ''The colocation market is extremely strong, especially for high quality, highly redundant wholesale datacenter capacity. The Silicon Valley area, in particular, is one of the most under-supplied regions of the U.S., with datacenter demand exceeding supply for the past four years. This trend has been exacerbated by the credit crunch, which has made it tough to secure financing for large datacenter projects. The few large, high quality datacenter projects on the market are in great demand from both enterprises and Internet content providers - particularly if they are energy efficient, which makes them less expensive to operate.''
Mr. Sheputis continued, ''Our tenants are among some of the most respected companies in the world. They are experienced industry leaders in their core businesses and have many other data center holdings. They recognize that there are significant cost savings to be realized by partnering with a company that delivers highly energy-efficient data center space.''
Fortune's Phase 1 data center delivers superior energy efficiency as measured by Power Usage Effectiveness (PUE). PUE is determined by dividing the total facility power by the IT equipment power - the lower the resulting ratio, the more efficient the data center. During independent testing through a Level 5 Commissioning Process, the data center achieved a PUE of 1.37 at full load, an energy-efficiency level far superior to the industry average data center PUE of 2.0, and better than the EPA's 2011 target PUE of 1.45 for state-of-the-art enterprise-class data centers.
Mr. Sheputis concluded, ''We have participated in several PG and E efficiency programs and have been very happy with the results. We exceeded our PUE projections for Phase 1 and expect to deliver an even better PUE for Phase 2 by leveraging and advancing many of the efficiency measures used in the first phase. We are currently defining the technical program for Phase 2, and it will include state-of-the-art efficiency measures for service redundancy and energy density. We're confident that increasing the facility's capacity will not only lower tenant operating costs, but our expansion should result in lower power costs for our tenants.''
Fortune Data Centers was founded to create a class of industrial grade data centers for corporate clients seeking a cost-effective alternative to the prospect of in-house development and facility management. Fortune's San Jose facility is designed to provide best in class reliability and total value for large scale deployments of mission critical applications. The property meets or exceeds the toughest industry standards for data centers - in all operational categories of availability, security, connectivity, and physical resilience. Fortune is a privately held company, founded in 2006.
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