WEBVTT - 5 things you need to know about green data centres

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<v Speaker 1>if you're listening to this podcast online or forwarding the

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<v Speaker 1>link to your friends, all that data will be going

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<v Speaker 1>through a building with lots of computer systems in it

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<v Speaker 1>or in other words, data centers, they make our digital

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<v Speaker 1>economy and digital lifestyles possible. But there are also huge

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<v Speaker 1>guzzlers of energy. There's now a big push for green

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<v Speaker 1>data centers and you might be wondering how this will

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<v Speaker 1>affect you.

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<v Speaker 1>I'm Jonathan pierce from the money mine team with five

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<v Speaker 1>things you need to know about green data centers. My

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<v Speaker 1>guest today, Managing director South Asia at Equinix and Daylight

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<v Speaker 1>research analyst at DBS Bank. He may. Let's start with you,

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<v Speaker 1>give us the context to this. Why is sustainability such

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<v Speaker 1>a key challenge for data centers,

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<v Speaker 1>sustainability is not just an issue for data center but

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<v Speaker 1>equally it is a challenge for all of us that

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<v Speaker 1>consume power. Unfortunately, data centers have become the spotlight and

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<v Speaker 1>the central focus on sustainability because of the amount of

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<v Speaker 1>power that we consume in data centers

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<v Speaker 1>during the pandemic. We remain connected to each other to

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<v Speaker 1>the rest of the world. And this was sustained by

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<v Speaker 1>digital connectivity. Statistics are showing that in the last five

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<v Speaker 1>months we have continued to accelerate our digital consumption more

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<v Speaker 1>than we have in the last five years

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<v Speaker 1>because of this is becoming a challenge and a focus

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<v Speaker 1>for data centers. We need to ensure that as we

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<v Speaker 1>grow our digital consumption, we continue to green. Our data centers.

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<v Speaker 1>Data centers are also the cornerstone of everything that we

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<v Speaker 1>do that's digital.

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<v Speaker 1>So sustainability is something that the industry is thinking about carefully.

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<v Speaker 1>But what about us consumers, should we be worrying about

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<v Speaker 1>whether a data center is sustainable or not?

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<v Speaker 1>The men on the street needs to be very concerned

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<v Speaker 1>about the sustainability of data centers because each and every

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<v Speaker 1>one of us doing anything that's online, enjoying lifestyle apps,

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<v Speaker 1>purchasing our groceries, shopping, googling, doing any of social media

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<v Speaker 1>etcetera is all generating massive data that needs to be

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<v Speaker 1>stored and

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<v Speaker 1>Process and computed in our digital infrastructure. Every single photo

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<v Speaker 1>that we snap of the food that we eat is

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<v Speaker 1>storage that is consumed digitally. If this digital infrastructure is

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<v Speaker 1>not sustainable, we are really contributing to the carbon emissions

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<v Speaker 1>that our planet currently is suffering from cop 27 has

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<v Speaker 1>hosted quite clearly that we are heading towards 2.4

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<v Speaker 1>and this process of reversing it downwards is going to

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<v Speaker 1>be a huge challenge. So every man on the street

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<v Speaker 1>needs to play a role in ensuring that they care

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<v Speaker 1>about the sustainability of data centers and they need to

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<v Speaker 1>understand which are the data centers that are playing a

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<v Speaker 1>more pivotal role in ensuring that their data centers are green.

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<v Speaker 1>Let's bring in day live from DBS Bank. Now this

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<v Speaker 1>region is projected to be the fastest growing in the

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<v Speaker 1>world for data centers. So this will be something of

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<v Speaker 1>interest to investors. How can they bring sustainability into the

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<v Speaker 1>picture for

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<v Speaker 2>Singapore reads with a significant exposure to data centers in

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<v Speaker 2>terms of how they can be more sustainable in terms

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<v Speaker 2>of data center. Something that is a very common measure

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<v Speaker 2>for data centers will be what we call the P. U. E.

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<v Speaker 2>Power usage effectiveness. To have a better P. You score,

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<v Speaker 2>Data centers would have to be more power efficient.

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<v Speaker 2>So for example the hardware, the likes of your servers,

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<v Speaker 2>the likes of your cooling system has to be more

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<v Speaker 2>power efficient in terms of P. U. E. That is

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<v Speaker 2>something that that is important for data center operators. That

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<v Speaker 2>is something that I believe the data center operators would

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<v Speaker 2>be looking at improving. And another aspect for sustainability for

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<v Speaker 2>data centers would be in terms of the carbon footprint.

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<v Speaker 2>Data center operators are gradually switching to the use of

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<v Speaker 2>more renewable energy to power their data centers.

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<v Speaker 2>They are also exploring ways on how they can induce

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<v Speaker 2>more renewable energy, how they can improve the efficiency. Many

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<v Speaker 2>of the data center reads or if not all of

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<v Speaker 2>them have actually committed to align themselves to some form

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<v Speaker 2>of sustainability reporting frameworks and they have also set in

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<v Speaker 2>place targets to reduce carbon emissions.

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<v Speaker 1>It's estimated that data centers make up about 1% of

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<v Speaker 1>global electricity demand. So part of the sustainability challenge will

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<v Speaker 1>be in finding alternative sources of energy. Now one of

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<v Speaker 1>these alternatives is hydrogen, but how viable a solution is

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<v Speaker 1>that in the Singapore context,

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<v Speaker 1>hydrogen offers the potential to end our dependence on fossil

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<v Speaker 1>fuels as we work to meet climate goals, fortunately the

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<v Speaker 1>use of alternative sources such as solar, wind, geothermal and

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<v Speaker 1>hydro energy is gaining increased support will buy and we

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<v Speaker 1>continue to also explore all those possibilities. Ethnics is already

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<v Speaker 1>currently piloting hydrogen ready fuel cells in Italy. If successful,

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<v Speaker 1>it will be implemented more broadly across a global network

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<v Speaker 1>based on

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<v Speaker 1>site of specific regional needs and clearly local regulation requirements.

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<v Speaker 1>Hydrogen generation on an industrial scale remains several years away

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<v Speaker 1>from being commercially viable, making it imperative to assess and

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<v Speaker 1>adopt alternatives. Even as global R and D efforts continue

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<v Speaker 1>piloting hydrogen and our data centers in Singapore currently remains

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<v Speaker 1>to challenge storage and transportation issues in a populated, dense

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<v Speaker 1>area need to be resolved.

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<v Speaker 1>And if you're able to resolve these challenges of transportation

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<v Speaker 1>and storage, what kind of savings are we looking at

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<v Speaker 1>the greenhouse gas emission savings that we're looking at? Clearly,

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<v Speaker 1>you know, 100% would be the dream state. However, based

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<v Speaker 1>on the unknowns around hydrogen to begin with. If we

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<v Speaker 1>can hit 80% that would be a key objective. So

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<v Speaker 1>it sounds like sustainability. Makes good business sense. Would you

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<v Speaker 1>agree dale

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<v Speaker 2>when we talk about sustainable data centers best example, would

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<v Speaker 2>be more power efficient assets, for example, in Singapore with

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<v Speaker 2>rising energy costs that we saw in in recent times

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<v Speaker 2>Data center that uses less energy significantly reduces their operating cost.

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<v Speaker 2>This is a form in which data center reits would

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<v Speaker 2>benefit from a more sustainable data center. If you look

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<v Speaker 2>at it from the angle of leasing out this data

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<v Speaker 2>center assets to tenants.

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<v Speaker 2>A lot of these data center tenants are major MNCs

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<v Speaker 2>and they themselves have actually committed to reduce their own

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<v Speaker 2>carbon footprint and emissions when it comes to their operations.

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<v Speaker 2>For a data center that has a more sustainable data

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<v Speaker 2>center data center that has a smaller

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<v Speaker 2>footprint, they would definitely be in a better position to

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<v Speaker 2>attract and retain some of these tenants and potentially even

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<v Speaker 2>command higher rents

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<v Speaker 1>from the investor point of view. Does it make more

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<v Speaker 1>sense to invest in a sustainable data center compared to

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<v Speaker 1>a not so sustainable one.

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<v Speaker 2>In terms of pay off, there are two more direct

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<v Speaker 2>payoffs for investors firstly in terms of operations

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<v Speaker 2>definitely, you know, with a more sustainable, newer, more efficient

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<v Speaker 2>data center, we are looking at long term cost savings

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<v Speaker 2>and operations, especially on the utility cost front. That would

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<v Speaker 2>be the main pay off. The second payoff would be

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<v Speaker 2>increasingly a lot of your M. N. C. A lot

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<v Speaker 2>of end users, they have set their own targets to

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<v Speaker 2>reduce their carbon footprint and emissions.

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<v Speaker 2>With a sustainable, a more green data center facility, the

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<v Speaker 2>landlord would be better able to actually attract more tenants

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<v Speaker 2>to retain their tenants and also at the same time,

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<v Speaker 2>hopefully they can command higher rents for some of these

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<v Speaker 2>better spec data centers as well.

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<v Speaker 2>The short answer is a definite yes, it is definitely

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<v Speaker 2>better to invest in a sustainable dc. But a question

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<v Speaker 2>to actually ask ourselves is what is a sustainable data

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<v Speaker 2>center or one that is less sustainable. I would think

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<v Speaker 2>that a so called less sustainable data center is probably

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<v Speaker 2>one that is slightly older where the hardware where the

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<v Speaker 2>infrastructure is less efficient in terms of the energy consumption,

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<v Speaker 2>they would be less efficient

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<v Speaker 2>but less efficient or slightly older data center may not

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<v Speaker 2>necessarily be a bad investment. It really depends on the

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<v Speaker 2>management of the data center track record and the capabilities

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<v Speaker 2>if they show that or if they have the capability

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<v Speaker 2>to upgrade some of these older properties, it may not

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<v Speaker 2>necessarily be a bad investment in Singapore and construction costs

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<v Speaker 2>have actually gone through the roof in recent times,

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<v Speaker 2>investing in a brand new swanky data center with the

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<v Speaker 2>top specs may be something that is very costly as

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<v Speaker 2>compared to, you know, investing in a slightly older data

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<v Speaker 2>center where you know, management can value add to the property.

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<v Speaker 2>They can actually upgrade the existing equipment and drive more

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<v Speaker 2>value for investors.

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<v Speaker 2>Definitely a sustainable data center is better. But you know,

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<v Speaker 2>if the manager has the track record and capability to

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<v Speaker 2>value add to some of these less sustainable data centers,

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<v Speaker 2>it could actually be a good value proposition as well.

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<v Speaker 1>So green data centers pay off in many ways for businesses.

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<v Speaker 1>They come with a lower cost of operations. There also

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<v Speaker 1>attractive for property investors because they could command a green

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<v Speaker 1>premium for rentals

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<v Speaker 1>with rising awareness of the carbon footprint of data centers.

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<v Speaker 1>The industry is looking into renewable options, but it will

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<v Speaker 1>take time to develop commercially viable alternatives. Plus solutions for

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<v Speaker 1>Singapore will need to take into account the local climate

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<v Speaker 1>and other conditions.

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<v Speaker 1>Now, Singapore has recently lifted a moratorium on the building

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<v Speaker 1>of new data centers. How does that change the outlook

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<v Speaker 1>for the sector in Singapore? Especially given that data centers

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<v Speaker 1>account for around 7% of the island's overall power usage.

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<v Speaker 2>This topic

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<v Speaker 2>on sustainable data centers is looking very exciting here in Singapore.

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<v Speaker 2>In part this was also driven by the moratorium over

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<v Speaker 2>the last three years. The moratorium over the last three

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<v Speaker 2>years has actually so called false data center operators to

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<v Speaker 2>relook how they operate and how they develop data centers.

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<v Speaker 2>There is a urgency to actually convert or to build

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<v Speaker 2>more efficient, more sustainable data centers for example, Capital Data

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<v Speaker 2>center Right now, they are exploring the idea of a

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<v Speaker 2>floating data center park where the data center is built

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<v Speaker 2>in modules on the sea uses seawater to cool the

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<v Speaker 2>data center if successful. You know, I think this is

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<v Speaker 2>something that could change the data center landscape here in Singapore,

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<v Speaker 2>especially given that, you know, we have land constraints,

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<v Speaker 2>this need or the urgency to actually look for more

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<v Speaker 2>sustainable options. The need to actually innovate this would change

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<v Speaker 2>the landscape for Singapore data centers and it would be

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<v Speaker 2>something very interesting to look out for in the coming years.

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<v Speaker 1>Final question, what's at stake if we don't try to

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<v Speaker 1>make data centers more sustainable? So currently digital traffic is

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<v Speaker 1>growing massively. The pandemic has shown to us that being

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<v Speaker 1>digital ready is extremely important.

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<v Speaker 1>There is no guarantee that there is not going to

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<v Speaker 1>be another pandemic. We are using more and more digital

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<v Speaker 1>apps to focus on education, on telemedicine, on genomics research

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<v Speaker 1>and as we do that we need more digital infrastructure

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<v Speaker 1>and hence it is extremely important that we ensure data

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<v Speaker 1>centers are sustainable because if we are in the current

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<v Speaker 1>situation that we are in Singapore with the monetary um

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<v Speaker 1>and the data centers are limited, then our ability to

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<v Speaker 1>thrive in the digital economy is going to be constrained

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<v Speaker 1>and we really don't want to do that because in

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<v Speaker 1>order that sample remains to be a competitive

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<v Speaker 1>hub. We need to ensure that we have data centers

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<v Speaker 1>that allow the optionality of supporting hybrid and multi clouds

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<v Speaker 1>so that we enable this global digital economy right, which

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<v Speaker 1>ensures that we equally attract data that comes into Singapore

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<v Speaker 1>and we also ensure that we have a platform that

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<v Speaker 1>enables these companies to go out to the rest of

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<v Speaker 1>the world

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<v Speaker 1>because of that. It is extremely important that we make

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<v Speaker 1>our data centers more sustainable. And the sector continues to

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<v Speaker 1>focus on this aggressively because it is each and every

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<v Speaker 1>one of our role to ensure that we make the

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<v Speaker 1>planet a future that exists for our Children.

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<v Speaker 1>And that means lots of opportunities ahead as Singapore gets

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<v Speaker 1>set to craft a new landscape for building more sustainable

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<v Speaker 1>data centers. The industry is exploring renewable energy sources including

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<v Speaker 1>hydrogen technology, but it will take time to develop commercially

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<v Speaker 1>viable alternatives. And such solutions will also need to be

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<v Speaker 1>adapted to local environments, including climate and population.

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<v Speaker 1>So plenty of challenges ahead for green data centers, but

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<v Speaker 1>they also already pay off in many ways lower cost

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<v Speaker 1>of operations for businesses and for property investors, they could

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<v Speaker 1>command a green premium for rentals. And those were the

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<v Speaker 1>five things you need to know about green data centers.

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<v Speaker 1>My guest Today leon, managing director, South Asia at the

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<v Speaker 1>clinics and they'll lie research analysts at DBS bank

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<v Speaker 1>catch money mind on C N A and online at

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<v Speaker 1>me Watch sienna dot asia and on youtube.