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- Recent ASX debutant DC Two (DC2) has secured its first revenue arrangement with a West Australian wind farm for its DC modular data centre
- The unnamed company is DC Two’s first paying customer for its transportable data centre product or, the DC Modular
- More broadly, the move is hoped to spur on further ongoing discussions with other Australian renewable energy suppliers
- The cloud and software business launched on the ASX in November last year in a $5.5 million initial public offer
- DC Two is up 4.55 per cent following the announcement, trading at 34.5 cents per share
Recent ASX debutant DC Two (DC2) has secured its first revenue arrangement with a West Australian wind farm for its DC modular data centre.
It marks the cloud and software business’ first official paying customers secured with initial revenues, which DC Two says validates the DC Modular business model.
DC Two listed on the ASX in November last year, with the issue of 27,500,000 fully paid ordinary shares at 20 cents per share under its initial public offering (IPO) for a total consideration of $5.5 million.
The company describes the DC Modular as a containerised and transportable “data centre in a box” innovation, only requiring power and data connectivity to provide high performance or supercomputing specific workloads.
This particular data centre is deployed ‘behind the meter’ for an unnamed company at a wind farm located in Western Australia.
“Almost every nation in the world is beginning to adopt the concept of green energy to accelerate the reduction of greenhouse gases,” DC Two’s Managing Director Justin Thomas commented.
“Whether it is wind, solar or bio waste used to create energy, we have a data centre and cloud solution that can integrate into these systems,” he concluded.
Lookoing ahead, the company says it will focus on accelerating the rollout of its other modular projects and advance current discussions with Australian renewable energy suppliers.
DC Two is up 4.55 per cent following the announcement, trading at 34.5 cents per share at 3:53 pm AEDT.
