--- Provides Customers the Ability to Support Local Renewable Energy Sources -
CoreSite Realty Corporation (NYSE:COR) (the "Company"), a premier provider of secure, reliable, high-uptime data center campuses with high-performance cloud and interconnection solutions across the U.S., today announced its VA3 data center is powered by 100% renewable energy through Dominion Energy's 100% Renewable Energy Program(SM). CoreSite's VA3 data center is its newest purpose-built, enterprise class facility on its Northern Virginia campus, and together with VA1 and VA2 currently comprise our Reston data center campus.
Providing Customers with the Ability to Support Local Renewable Energy Sources
The new voluntary energy program enables CoreSite to provide customers with the ability to support continued development of local renewable energy sources and ensure a diverse fuel mix in the Northern Virginia market. The portfolio for Dominion Energy's 100% Renewable Energy Program(SM) currently includes locally sourced solar, hydroelectric, and biomass energy. All of CoreSite's new and existing customers deployed at its VA3 data center can claim 100% renewable power.
"CoreSite is committed to seeking out the least carbon-intensive energy sources wherever feasible, which in turn supports its customers' economic goals," said Paul Szurek, CoreSite's President and Chief Executive Officer. "We are excited to support the development of local renewable energy sources in the Northern Virginia market and to take this additional step in CoreSite's sustainability journey by achieving 100% renewable power at our VA3 data center."
CoreSite's Northern Virginia data center campus, comprised of three operating data centers (VA1, VA2, and VA3) and scalable to provide over 100 megawatts of capacity at full buildout, provides direct, low-latency access to all major cloud service providers, which are natively deployed within its Reston data center campus. The interconnected campus provides access to the cloud, network, and managed service providers needed to build and deploy a holistic hybrid and multi-cloud solution in a secure, dense, and scalable environment. Enterprises and government agencies, including those system integrators that support the government agencies, also often rely on their strategic vendors, such as CoreSite, to address their sustainability and renewable energy goals.
CoreSite's Northern Virginia Campus - Scale your digital business in a data center campus that meets your performance and growth needs - now and in the future Accelerate Your Digital Business with CoreSite - Learn how your business can gain competitive edge with a network-dense, cloud-enabled colocation provider like CoreSite Sustainability at CoreSite - Learn how CoreSite innovates through its building design to reduce overall energy consumption and increase energy efficiency
CoreSite Realty Corporation (NYSE:COR) delivers secure, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,370 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 480+ dedicated employees consistently deliver unmatched data center options -- all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of the Company's data centers in certain markets and any adverse developments in local economic conditions or the level of supply of or demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; the effects on our business operations, demand for our services and general economic conditions resulting from the spread of the Novel Coronavirus ("COVID-19") in our markets, as well as orders, directives and legislative action by local, state and federal governments in response to such spread of COVID-19; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
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SOURCE: CoreSite Realty Corporation
CoreSite Contacts Brouk Eshetu Assistant General Manager - Northern Virginia 818-331-8818 Brouk.Eshetu@CoreSite.com Megan Ruszkowski Vice President of Marketing 720-446-2014 Megan.Ruszkowski@CoreSite.com Kate Ruppe Investor Relations Manager 303-222-7369 InvestorRelations@CoreSite.com