Philippe Rechsteiner, CFO at DataQube which recently opened in the Grand Duchy to provide modular data centre services, has announced that the firm has raised €26 million to accelerate its international business development and is now offering a new generation of modular data centres with a significantly reduced carbon footprint.

Headquartered in Cambridge, England, DataQube Global Ltd. deployed the first modular data centre in Cambridge that reduces CO2 emissions by 56%, in June 2021, following three years of R&D. 

"Today, the Internet already consumes 10% of the world's electricity, and if we don't change the way data centres are built, this figure could rise to 50% by 2030," explained Philippe Rechsteiner, CFO of DataQube. "The solution developed by DataQube makes it possible to halve the power consumption of data centres, which is enormous. Without this major innovation, it will be almost impossible to reverse the current trend.”
Thanks to an initial investment of €26 million from RGREEN INVEST's INFRAGREEN IV fund, dedicated to financing the energy transition and adaptation to climate change, DataQube will be able to accelerate the marketing of its modules. For RGREEN INVEST, which has already invested more than €800 million in green infrastructure and renewable energy, this is the first investment in the energy-efficient data centre sector.
"We are delighted to have the support of an investor with a proven track record in green infrastructure and technology," said David Keegan, CEO of DataQube. "Our goal is to provide the data centre industry with a solution that has a significantly reduced environmental footprint. To date, the measures taken have been woefully inadequate and the overall energy consumption of the Internet continues to increase by 5-7% per year. The only way to have a real impact is to use this new generation of data centres developed by DataQube.”
DataQube has chosen to develop in Luxembourg to provide a solution to large companies, data centre operators or telecom providers who wish to deploy computing power at the foot of their antennas to generate high value-added services. DataQube emerges as the solution for deploying local data centres that are not only virtuous but also profitable.