T5 Data Centers has started construction on its sixth data center complex in Colorado Springs.
The new $800 million data center campus will be located on 64 acres and completion of the first stage of the project is scheduled for early 2014. The company says it will add 400 to 600 new jobs once the center is operational. And, it says, every job at the data center creates five indirect jobs.
T5@Colorado, as the site will be called, will have 100 megawatts of available power, with sustainable design capabilities and with power rates of .0444 per kilowatt hour. It will have the potential to use free cooling 97 percent of the year, reducing electric rates needed to keep the data center operational.
The location also is close to the Denver Technology Center, a technology and telecommunications hub, and will serve as a central data relay center to lower latency for business-critical enterprise applications from coast to coast, executives said in a press release announcing the construction.
“Colorado Springs is the ideal location for the next phase of our expansion,” said Peter Marin, President and CEO of T5 Data Centers. “This is a vibrant, growing area with a strong and supportive business climate, and the proximity to Denver, as well as local colleges and military installations, gives us access to terrific talent and local resources. We want this new data center campus to be groundbreaking as an eco-friendly green facility, offering our customers the best possible enterprise infrastructure and support services at competitive rates.”
Cloud computing and data processing continue to be growth markets. A report by Biggins Lacy Shapiro & Co. predicts that new construction for large enterprise data centers will increase from $6 billion in 2012 to $12 billion by 2015. According to International Data Corporation, spending on cloud computing services was expected to grow from $16.2 million in 2008 to $42 million by the end of 2012, making the information technology industry and data processing the fastest growing industry in the United States.