DC Two’s (ASX:DC2) Victoria site enters next stage of development

Highlights

  • DC Two Limited’s Victoria based data centre site has advanced to the next stage of commercialisation.
  • DC2’s project partner Joule Energy Pty Ltd will be purchasing an individual modular data centre unit from DC Two for AU$482,396.
  • On the ASX, DC Two declined by more than 2% at 1:00 PM AEST.

ASX-listed IT service management Company DC Two Limited (ASX:DC2) shared on Friday that its individual modular data centre unit has been bought by project partner Joule Energy Pty Ltd for AU$482,396. In addition, the Company also revealed that its data centre site located in the outskirts of Western Melbourne, Victoria, has progressed into the next stage of commercialisation.

It should be noted that both the companies are working together to deploy modular data centres at their renewable energy site located in Victoria.

The purchase details

Under the purchase contract, DC Two will hand over Joule Energy one fully integrated and operational Data Centre Module (DCM). This will incorporate empty racks, security, internal networking, cooling, power distribution, hardware, fire detection, remote monitoring sensors and server equipment.

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

Other agreements

Both the firms are also working towards formal agreements related to the property access for several data centres owned and operated by DC2. Also, the companies will be finalising on the price DC Two has been paying to purchase power.

Along with this, DC Two is also in discussions to provide extra services to Joule for the in-progress management of data centre and IT servers and equipment, potentially resulting in future recurring revenue. 

Agreement highlights

  • According to the announcement, the individual modular data centre unit is to be delivered by 1 December 2021, with onsite delivery due mid-January 2022.
  • Besides, the receipt of $482,396 inc GST is likely to be received in tranches, with the final payment due upon completion of onsite commissioning and handover to the customer.

On the ASX, shares of DC Two Limited traded 2.440% lower at AU$0.200 per share at 1.10 AM AEST.  

Bottomline:

DC Two has been riding high since the rollout of its DC Modular – a containerised ‘data centre in a box’ innovation. And Joule Energy, a new breed of energy provider, supporting Australia’s zero carbon emission, will be thoroughly aiding the country’s transition for electricity working along with DC Two.

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