REDWOOD
CITY, Calif. and SINGAPORE, Nov. 19,
2024 /PRNewswire/ -- Today Equinix,
Inc. (Nasdaq: EQIX) announced plans for its latest data center
in Singapore, aimed at enabling
global businesses to leverage next generation workloads, like AI,
in one of the region's fastest-growing digital economies. With an
initial investment of US$260M, the
new facility–named SG6–will be Equinix's sixth International
Business Exchange™ (IBX®) data center in Singapore. This new high performance data
center will feature a world-class, sustainability-driven design
built to efficiently handle compute intensive workloads like AI,
supported by capabilities such as advanced liquid cooling. SG6 will
help deliver the critical digital infrastructure needed to enable
AI capabilities across industries and in the region.
Singapore, one of the region's
leading technology hubs, is making both significant investments in
advanced technologies like quantum computing while pioneering
efforts to establish an AI governance framework. Data from the U.S.
Department of Commerce highlights the remarkable growth of the
digital sector in Singapore's
economy, increasing from S$58 billion
to S$106 billion between 2017 and
2022. However, to enable businesses to fully leverage these
technologies which demand substantial computing power and data
processing resources, an innovative and energy-efficient approach
to digital infrastructure is essential.
The new facility follows Equinix's previously announced planned
market entry into the Philippines
in July and Thailand in
October. SG6 will feature both environmental and operational
efficiencies, enabling customers and the country to achieve goals
related to their digital evolution while supporting sustainability
commitments, including those associated with the Green Plan 2030, a
comprehensive national strategy in Singapore to achieve sustainable development,
reduce carbon emissions, and enhance environmental resilience by
2030.
Expected to open in Q1 2027, the 9-story facility was awarded as
part of Singapore's pilot Data
Centre - Call for Application ("DC-CFA") and will provide 20MW when
fully built. With an initial investment of US$260 million, SG6 will integrate into Equinix's
global network of 268 interconnected data centers (59 in
Asia-Pacific) across 73 metros and
34 countries, delivering customers capacity, global reach, and
seamless integration with additional interconnection and colocation
services.
"Singapore is the region's hub
for innovation, making it a global magnet for multinational
companies and pioneering businesses, and a key market for Equinix,"
said Yee May Leong, Managing
Director, Singapore, Equinix. "We
expect that with the large demand for compute-intensive workloads,
like AI, the demand for data center capacity will continue to rise,
and Equinix is well equipped to support these next-generation
workloads. By integrating the latest sustainability innovations,
our new AI-ready data center can enable businesses to leverage next
generation workloads responsibly and more sustainably."
Equinix data centers in Singapore have achieved 100% renewables
coverage since 2020. SG6 is expected to further incorporate
key sustainability and efficiency efforts with features
including:
- advanced liquid cooling technology, which allows the transfer
of heat more efficiently than air, and often necessary for
high-density hardware, like GPUs
- renewable power purchase agreement (PPA) in Singapore with Sembcorp Industries, which
supports the addition of new renewable energy capacity to the local
electric grid
- lower carbon building materials
- energy-efficient water-cooled chiller and cooling towers
- rainwater harvesting capabilities
Additional Resources:
- Equinix Supports Singapore's Green Plan by Entering a Renewable
Energy PPA with Sembcorp [press release]
- Equinix to Extend its Digital Infrastructure Platform to
the Philippines with Acquisition
of Three Data Centers [press release]
- Equinix Releases Annual Sustainability Report, Highlighting
Advancements in Environmental, Social and Governance (ESG) Goals
[press release]
- Exploring Liquid Cooling for Next-Gen Business Applications
[blog]
- Singapore Elevates Sustainable Digital Infrastructure Beyond
Data Centers [press release]
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital
infrastructure company®. Digital leaders harness
Equinix's trusted platform to bring together and interconnect
foundational infrastructure at software speed. Equinix enables
organizations to access all the right places, partners and
possibilities to scale with agility, speed the launch of digital
services, deliver world-class experiences and multiply their value,
while supporting their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, risks to our business and operating results
related to the current inflationary environment; foreign currency
exchange rate fluctuations; increased costs to procure power and
the general volatility in the global energy market; the challenges
of acquiring, operating and constructing IBX® and
xScale® data centers and developing, deploying and
delivering Equinix products and solutions; unanticipated costs or
difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive
significant revenues from customers in recently built out or
acquired data centers; failure to complete any financing
arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient
cash flow or otherwise obtain funds to repay new or outstanding
indebtedness; the loss or decline in business from our key
customers; risks related to our taxation as a REIT and other risks
described from time to time in Equinix filings with the Securities
and Exchange Commission. In particular, see recent and upcoming
Equinix quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request
from Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press
release.
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SOURCE Equinix, Inc.