Wall Street & Technology: Blog
subscribe June 20, 2007

Data Center Energy Costs Skyrocket

The cost of energy skyrocketed from 2005 to 2006 in the tri-state area, especially on Long Island, with energy costs increasing 85 percent. For financial firms, the additional energy costs could amount to millions of dollars per year, depending on the size of their data centers in and around Manhattan.

On the Island, the cost of energy went from 14 cents per kilowatt/hour in 2005 to 26 cents per kilowatt/hour in 2006, the most recent year where data is available. James Dow, principle and CTO, at CS Technology Inc. said during the “Data Center Efficiency” workshop at the SIFMA Technology Management Conference, every one-cent increase in energy costs per kilowatt/hour can amount to a $3 million increase per year in energy and cooling costs in a large data center.

Moreover, for every dollar spent on powering the servers and equipments in a data center, firms should expect to spend another dollar to as much as $2 or $3 to cool the hardware, said Julius Neudorfer, director of network services, Noth American access technologies.

However, with millions of dollars riding on the efficiency of data centers, surprisingly only about 15 people attended the afternoon session at the conference. So much for the green movement on Wall Street. I guess people will start paying attention when CFOs begin calling people to their respective offices to explain huge ConEd bills.

Posted by Greg MacSweeney at 10:12 PM



This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.


CHECK THIS OUT

Novell Real Time Linux Webcast Series
In order to succeed, companies must be able to respond quickly, deliver superior value and quality of service, and carefully manage their costs. In this series of brief webcasts, you will learn how SUSE Linux Enterprise Real Time from Novell enables organizations to respond quicker by delivering low latencies, deliver increased value with fast response times, and better manage costs.

Events

Live Events:
Navigating the New World of Risk on the Street
October 07, 2008

Buy-Side Trading Summit 2008
November 16-18, 2008

Accelerating Wall Street 2009
March 18, 2009


Marketplace

Career Center


Ready to take that job and shove it?

Function:
Information Technology
Engineering
State:


Keyword(s):

Browse By:
State | City
techweb
Online Communities TechWebInformationWeekLight ReadingIntelligent EnterprisebMightyNetwork ComputingDark ReadingDigital LibraryWall Street & Technology
Byte & SwitchNo JitterInternet EvolutionLight Reading's Cable Digital NewsContentinopleUnStrungBank Systems & TechnologyAdvanced TradingInsurance & Technology
Face-to-Face Events
InteropWeb 2.0 ExpoWeb 2.0 SummitVoiceConBlack HatCSISoftwareEntrprise 2.0 ConferenceGTEC
 Mobile Business Expo
InformationWeek 500 ConferenceBuy Side Trading XchangeBuy Side Trading SummitBank Executive SummitInsurance Executive SummitTelcoTVEthernet ExpoOptical Expo
Magazines  
InformationWeekWall Street & TechnologyInsurance & TechnologyBank Systems & TechnologyAdvanced TradingMSDNTechNetSmart EnterpriseThe Architecture JournalDatabase Magazine
 
Research & Analyst Services  
Heavy ReadingInformationWeek ReportsInformationWeek Analytics