Retail Supplier Makes Strategic Investment In Data Center Colocation Provider; Also Named As Preferred Green Energy Supplier

Cyxtera, a provider of data center colocation and interconnection services, announced it has selected NextEra Energy Resources, LLC, as its preferred supplier of green energy.

Additionally, NextEra Energy Resources, through one of its subsidiaries, subscribed for $20 million of the $250 million Class A common stock PIPE offering to be issued by Starboard Value Acquisition Corp. concurrently with the consummation of the previously announced $3.4 billion pending merger of Cyxtera and SVAC.

Matt Ulman, vice president of distributed generation for NextEra Energy Resources, stated "Our strategic investment in the SVAC private placement reflects our belief that colocation providers such as Cyxtera are well positioned for future growth."

NextEra Energy Resources, through one of its subsidiaries, will advise, support, and accelerate Cyxtera’s efforts to increase the use of renewable energy through the installation of renewable energy distributed generation systems at data centers across its existing footprint in North America.

In addition, the companies will work together to explore other renewable and clean energy projects, including the development of next-generation data centers leveraging the latest environmentally friendly technology and renewable energy provided by NextEra Energy Resources.

Cyxtera has more than 200 megawatts of power capacity across its data center footprint in the United States.