BRYN MAWR, Pa.–(BUSINESS WIRE)–Energy Solutions Group, (“ESG”), a sustainable energy investment and development firm, has announced the launch of a $100M financing facility with United Leasing, Inc. (“United”) to fund renewable energy projects across the nation. United will fund up to $28M in the newest renewable-powered datacenter in the Midwest. Located in the greater Chicago area, the data center’s first phase includes a newly constructed facility located at the former site of the largest powerplant polluter in the U.S. throughout most of the twentieth century. Following a complete repurposing, the site is now a high-tech data center that will deliver 100MW of capacity to Indiana, Greater Chicago, and the Midwest.
“We’re thrilled to partner with United on this exciting growth sector. The rapid proliferation of energy-intensive datacenters, combined with the demand for renewable energy, creates an unparalleled opportunity to have meaningful impact. The data center is a perfect example of what Energy Solutions Group will accomplish across the country,” said Bryan Rishforth, Principal of Energy Solutions Group. “There are so many heavily industrialized areas of the country that are primed for this type of transformative repurposing, resulting in a revived local economy and improved environmental conditions.”
With the first phase of construction completed in late 2020, the center stores and carries data for global hyper-scalers, national companies, and blue-chip telecommunication carriers.
In addition, Energy Solutions Group plans to build additional datacenter powerplants in the U.S. using clean, renewable energy.
“United has supported the transportation infrastructure and construction industries for decades and is excited to expand into the important renewable energy sector,” said Martha Ahlers, President, United Leasing. “We have supported datacenters, but the ability to support such an important project in our home state of Indiana with renewable energy is very exciting.”
The data center industry has been rapidly growing as people consume more data on their mobile devices and as more workers continue to work remotely. According to business research firm Research and Markets, it is estimated that the data center industry will grow by 2% every year through 2025, reaching a market size of $69B by 2024.
About Energy Solutions Group
Energy Solutions Group (ESG) is a sustainable energy investment and development firm that blends energy best practices, cutting edge technologies and innovative investment strategies to deliver the most efficient and cost-effective sustainable energy solutions to private and public companies. Through its national network, ESG can design, finance, implement and maintain energy management systems throughout North America. ESG is committed to diversity and contracts with businesses owned by minorities, women or disabled veterans in most of its business engagements. For more information visit www.esgcorporate.com.
About United Leasing, Inc.
United Leasing, Inc. is a customer focused and growth-oriented leasing and finance company committed to providing custom financing solutions to businesses across the U.S. and Canada. For more than 50 years, United Leasing has partnered with clients to achieve mutual success from small businesses to Fortune 100 companies. For more, visit www.unitedevv.com