PRESS RELEASE
Verari Systems Announces Energy Credit Incentive Program
Verari provides a simple, convenient cash rebate program for customers planning to install energy efficient BladeRack® 2 X-Series or FOREST container solutions
By Mike LaPan (858) 874-3800
San Diego, Calif. – January 13, 2009 - Verari Systems, a premier developer of independent blade-based computing and storage platforms for the data center with the highest density, availability, and energy efficiency in the market, today announced its Energy Credit Incentive Program. The Energy Credit Incentive Program rewards customers who plan to install new energy efficient IT equipment and/or cooling systems, such as the Verari BladeRack® 2 X-Series platforms or FOREST container solution, both architected with Verari’s patented Vertical Cooling Technology™.
“Verari’s Energy Credit Incentive Program makes it easier for customers to apply and qualify for various energy rebates offered by utilities in their respective coverage areas,” said Dan Gatti, senior vice president of Worldwide Market Operations, Verari Systems. “Verari is committed to protecting and respecting the environment through eco-friendly operations, product engineering, and data center design. Our Energy Credit Incentive Program represents a major step forward in enhancing Verari’s commitment to green IT and to the environment. Administering energy credit incentives delivers compelling economic value and energy efficiencies our customers need.”
The Energy Credit Incentive Program offers a convenient application process to businesses focused on minimizing their data center energy costs and greenhouse gas (CO2) emissions. Future energy savings are calculated using approved standardized metrics. Once the application is approved for Verari equipment by the participating local utility, customers are eligible for an energy credit (rebate) of up to $500,000.
“In the past, data center designers and operators focused on data center reliability, not on energy efficiency,” said Andy Lawrence, research director, Eco-efficient IT at The 451 Group. “But today since data center power density is leading to power and cooling limitations, there is significant interest in energy efficiency as a potential solution to these problems. Verari’s leadership in this area helps customers cost-justify acquisition of the most energy efficient IT, which saves customers significant dollars and makes business sense for Verari.”
In their August 2, 2007 report to Congress on server and data center energy efficiency, the EPA expects that under current trends, data center energy consumption will double from 2007 to 2011 unless IT vendors, utilities, and customers answer the call to action to make data centers more energy efficient. As the report indicates, all members of society stand to gain from benefits that include reduced energy bills, increased reliability and grid support for the entire electric utility system, avoided capital investment for new power plants (averaging $2-3 billion/plant), reduced dependence on fossil fuels, and avoided emissions of air pollutants and greenhouse gases.
In addition, Verari Financial Services’ (VFS) Green Leasing Program complements its Energy Credit Incentive Program by ensuring that the equipment is refreshed periodically so customers maintain the most energy efficient equipment and dispose of older assets eco-responsibly. Since the energy rebates can be applied to VFS leases for new equipment, customers can benefit from lower monthly payments.
About Verari Financial Services Group
Verari Financial Services provides flexible, one-stop lease financing solutions for all asset classes. VFS leases can include hardware, software and professional services, as well as other kinds of property such as data centers and buildings. By providing low interest, “pay-as-you-grow” leasing solutions that match lease payments with expected project returns, VFS makes it easier for customers to evaluate, approve and begin IT projects. VFS provides trade-in, technology refresh and asset recovery services designed to help customers manage shortening technology life cycles. To learn more about Verari Financial Services, please visit http://www.verarifinancial.com.
About Verari Systems
Verari Systems, Inc. is the premier developer of energy efficient data center and desktop consolidation platforms utilizing independent blade-based compute and storage solutions that are defining a new era in the green data center. Verari Systems is a market leader in blade storage and energy efficient platforms. Organizations such as Virgin America, Morgan Stanley, Wachovia, Akamai, Microsoft, Qualcomm, CGGVeritas, Petrobras, Harris, Lockheed Martin, Northrop Grumman, and Sony Imageworks, as well as top universities and research institutions worldwide, are among the customers who have chosen Verari Systems’ line of award-winning high density blade storage and servers, rack-optimized platforms and software solutions. To learn more about Verari Systems and its unique solutions, please visit http://www.verari.com or call (888) 942-3800.
Verari Systems, Verari Financial Services, BladeRack, Vertical Cooling Technology, and the Verari Systems logo are trademarks or registered trademarks of Verari Systems Incorporated. All other names or marks are property of their respective owners.
