DC Two (ASX:DC2) Victoria data centre progresses

• DC Two’s (DC2) data centre in the outskirts of Western Melbourne has advanced to the next stage of commercialisation
• The company’s project partner, Joule Energy, has purchased an individual modular data centre unit from DC Two for just over $482,000
• DC2 is working with Joule Energy to deploy a number of modular data centres at their renewable energy site
• On the market today, DC2 is down 2.44 per cent to 20 cents per share at 2:17 pm AEST

DC Two’s (DC2) data centre in the outskirts of Western Melbourne has advanced to the next stage of commercialisation.

The company’s project partner, Joule Energy, has purchased an individual modular data centre unit from DC Two for just over $482,000.

DC2 is working with Joule Energy to deploy a number of modular data centres at their renewable energy site in Victoria.

Under the purchase agreement, DC Two will deliver Joule Energy one fully integrated and operational Data Centre Module (DCM). It will include empty racks, power distribution, cooling, internal networking, hardware, security, fire detection and remote monitoring sensors.

Following construction, the data centre will be placed ‘behind the meter’ at the renewable energy facility.

Additionally, both parties are also working towards formal agreements for property access for multiple DC Two owned and operated data centre modules to be installed at the site.

DC Two Managing Director Justin Thomas commented on the agreement.

“While selling individual DC Modular units is currently not a corporate priority, the company will harness this opportunity to investigate the commercial viability of this revenue stream to understand if selling stand-alone units to customers, locally and globally, could provide significant recurring revenue from these sales in the future,” he said.

DC2 was down 2.44 per cent to 20 cents per share at 2:17 pm AEST.