Tag Archives: Goldman Sachs

Navajo Tribal Utility Authority Solar Investments

First Solar buys S. Calif. power project

First Solar said Monday that it has purchased a 150-megawatt power project in Southern California.

Construction is expected to start this year and finish in 2014. The Tempe company said that the plant could generate enough electricity to power more than 60,000 average California homes.

First Solar Inc. bought the project, which is near El Centro, Calif., from Goldman Sachs Group Inc., energy investment firm Energy Power Partners and a third partner that it didn’t identify. It didn’t say how much it paid.

First Solar, one of the largest solar panel manufacturers in the world, also develops and builds large solar farms that generate electricity sold to utilities.

Its stock added 28 cents, or 1 percent, to $27.24 in afternoon trading.

The industry has in recent years been struggling with a steep drop in solar panel prices. Demand stagnated while manufacturing capacity increased and costs for raw materials plummeted.

data.center

IO Attracts Top Tech Talent

IO, the leading provider of next-generation modular data center technology and services, today announced Alan McIntosh, former chief information officer at Groupon has been appointed senior vice president of global technology delivery and Apple marketing veteran Anne Wolf has been appointed senior vice president of global marketing and communications. Additionally, Bob Butler has been promoted to chief security officer (CSO) in charge of global information security and privacy.

These executive appointments follow a blockbuster quarter for IO with the Goldman Sachs adoption of IO Data Center 2.0 technology, the award of the Underwriter’s Laboratories first ever certification for a modular data center product, and a $90 million funding round. IO’s solutions enable organizations to shift from real estate-based data center infrastructure to efficient, sustainable, and software-optimized IO.Anywhere modules. These highly experienced additions to the management team will better enable IO to manage the rapid growth at IO due to the accelerating adoption of Data Center 2.0 by global enterprises, governments and service providers.

McIntosh will help drive this growth and apply his deep knowledge in cloud infrastructure to IO’s global technology delivery strategy and implementation. He has a proven track record in designing and operating web scale global Internet infrastructure at Groupon, CBS Interactive, CNET Networks and Oracle. McIntosh brings both the operations and technical experience that is essential for successfully managing the day-to-day operations at a company that is moving as quickly as IO.

Wolf brings more than two decades of Fortune 500 technology industry experience that includes a ten-year product and solution marketing tenure with Apple. She most recently held the position of Chief Marketing Officer for 41st Parameter, a leading fraud detection solution provider for the world’s top financial institutions and e-commerce companies. At IO, Wolf will drive the global brand, strategic product marketing, corporate communications and Data Center 2.0 market education.

Formerly Vice President of Government Strategies at IO, Butler has been promoted to Chief Security Officer at IO, where he will oversee internal information security, privacy and cyber security readiness for our products and among our global customer base. Butler has over 32 years of multinational experience spanning Defense, Intelligence, National Security and Information Technology positions. Prior to IO, Butler served two years as the Deputy Assistant Secretary of Defense for Cyber Policy, where he was responsible to the Secretary of Defense and senior Defense leaders for recommending and implementing policy strategies to improve the Defense Department’s cyber position.

“At IO you are the average of your team,” says George D. Slessman, CEO of IO. “As we approach the tipping point for Data Center 2.0 globally, IO is succeeding by attracting, developing and nurturing world class talent like Alan, Anne and Bob. “

 

George Slessman_CEO_IO

IO CEO Honored by Goldman Sachs for Entrepreneurship

Goldman Sachs recognized IO CEO George Slessman as one of the top 100 entrepreneurs of 2012 at its recent Builders & Innovators Summit in Newport Beach, California.

Goldman Sachs selected Slessman as one of 100 leaders from multiple industries to be honored at the event. Slessman has been an executive in the data center industry for over a decade and a technology leader and entrepreneur for more than 15 years. In this brief period of time, he has founded and successfully exited several technology businesses, inventing and delivering transformational software, hardware and clean energy technologies for the benefit of enterprise, government and service provider customers. In addition to being recognized as a thought leader in the technology industry that solves problems for customers, his companies have organically created over a billion dollars of value for his investors to date.

“I am humbled to be included in this summit,” said Slessman. “This is truly an acknowledgement of the extraordinary people, organizations, and customers that I have had the privilege to learn from and work with in my own professional journey.”

“We are honored to recognize George Slessman as one of the top 100 most innovative entrepreneurs in the technology industry,” said David Solomon, co-head of investment banking at Goldman Sachs. “This inaugural event brought together emerging entrepreneurs paired with seasoned entrepreneurs from a diverse set of industries to discuss how to build great and enduring companies that reshape industries and the world through innovation.”

For more than 140 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the conference included general sessions and clinics led by Goldman Sachs experts and resident scholars.

IO designs, engineers and delivers data center infrastructure for the world’s largest enterprises, governments and service providers. IO owns and operates data centers for hundreds of customers, and has leveraged this experience to build a next-generation Data Center 2.0 cloud enabling technology platform. IO.Anywhere modular data centers provide enterprise-class infrastructure that can be delivered as DCaaS and rapidly deployed as a product to customer sites anywhere in the world. IO developed the first data center infrastructure operating system, IO.OS, to provide the intelligent control needed to maximize utilization, resiliency and energy efficiency. IO is a privately held company headquartered in Phoenix. For more information on IO, please visit us on the web at .io.com

IO PROVIDER OF CHOICE

Goldman Sachs Selects IO as Global Modular Data Center Provider of Choice

Phoenix-based IO, the leading provider of next-generation modular data center technology and services, announced that it has entered into a long-term, strategic technology partnership with the Goldman Sachs Group, Inc. (“Goldman Sachs”) as its preferred, global modular data center provider.

As part of this partnership, Goldman Sachs will utilize IO’s modular data center technology in multiple, global Data Center as a Service (DCaaS) locations including Singapore, the United Kingdom and the United States. Goldman Sachs also will deploy IO.Anywhere modular technology in its internal data centers and will use IO’s IO.OS, the premier secure data center operating system, in each deployment to gain business intelligence, real-time visibility and control of its environments to achieve optimal data center performance.

This innovative “Data Center 2.0” strategy marks a shift from large real estate-based infrastructures to flexible and sustainable modular installations. In addition to greater operating and capital expense savings, Goldman Sachs expects to enhance energy conservation and power usage effectiveness (PUE) associated with its data center facilities through its service agreement with IO.

“We are pleased to partner with IO and believe their Data Center 2.0 strategy provides sustainable enhancements to our data center operations,” said Don Duet, global co-chief operating officer of the Technology Division at Goldman Sachs. “Their innovative technology and services will allow Goldman Sachs to scale its data center operations more efficiently, and further advance the firm’s broader commitment to environmental stewardship and reduced carbon footprint.”

“IO has set the new industry standard with Data Center 2.0 by changing the way data centers are assembled, consumed and operated—affording our clients greater capital savings, operational efficiencies and energy conservation,” said George D. Slessman, CEO, IO. “Goldman Sachs’ adoption of Data Center 2.0 principles and the resulting technology partnership with IO will accelerate the transformation of data center technology and its delivery.  Technology and relentless innovation are now driving data center infrastructure decisions for the largest companies in the world.”