Power Assure Gets $11.25 million Jolt of Funding
Summary
Power Assure, a Santa Clara green IT company, today announced that it scored $11.25 million in venture funding. Palo Alto Research Center (formerly known as Xerox PARC) uses Power Assure, but Pfeiffer declined to name other major customers. Jonathan Koomey, a consulting professor at Stanford University whose research focuses in part on the growth and environmental impact of data centers, said it’s a good time to be in the business of green IT services: “Climate change is becoming a bigger more important part of companies’ risk profiles and planning. Companies like [Power Assure] can save a lot of money for businesses that use data centers while reducing emissions. That’s a good thing, and a reminder that the net effect of using data centers in a rational, sustainable way — moving bits not atoms — is actually a positive for the environment.”