Citi to Power Data Center in Roanoke, TX with Clean, Renewable Energy

Citi has entered into a new contract to purchase clean, renewable energy
for a multi-year term at its Roanoke, TX, data center. The contract will
provide Green-e certified renewable energy for 50 percent of the data
center’s power needs. This deal marked the first collaboration between
Citi Realty Services (CRS), an internal unit responsible for the
company’s facilities, and the Citi subsidiary — Citigroup Energy Inc.
(CEI) — to meet its renewable energy needs. CRS and CEI worked with MP2
Energy, a Retail Electricity Provider with experience integrating
sustainable solutions, to arrive at a structure that allowed Citi to fix
its retail rate and utilize renewable power at an attractive price level.

“This deal will provide a renewable source of energy as well as price
certainty to one of our key data centers,” said John Killey, Global Head
of Operations for CRS. “It also demonstrates the value that comes from
the close collaboration between CRS and Citigroup Energy and Citi’s
commitment to sustainability across its own operations as part of its
Sustainable Progress strategy.”

The contract takes into consideration the forecasted hourly energy
consumption for the facility, which is comprised of a data center and
service building.

In connection with the transaction, Matthew Adams, president of MP2,
added, “MP2 is pleased to leverage our experience integrating retail
energy products with renewable power sources to deliver a sustainable
solution for Citi.”

“In this landmark renewable energy deal, we were able to work together
to ensure that the various risks inherent in commodity markets are
allocated based on which entity is best positioned to manage each one,”
said Roxana Popovici, a managing director responsible for renewable
power transactions within CEI. “As companies like Citi look to ramp up
their purchase of renewable energy, structures like the one employed in
this transaction will become increasingly important and will be critical
to scaling the market for renewable energy.”

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.

CRS is a division of Citi responsible for providing real estate support
services to all Citi businesses. Citigroup Energy Inc. is one of the
leading participants in the energy market today. Energy Risk Magazine
has recognized CEI as Electricity House of the Year for the past two
consecutive years, Emissions House of the Year in 2016 and Derivatives
House of the Year for the past three consecutive years. A particular
strength of CEI’s platform is in the renewable power market, where a
large number of long-term transactions with projects, corporates and
retail entities in recent years have made CEI a leading counterparty in
that space. CEI’s level of client activity provides strong insight into
current and future market dynamics, and allows it to offer a deep level
of liquidity as well as wide range of risk mitigating structures at
competitive price levels.

Additional information may be found at
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MP2 Energy is a full service power company, serving approximately 1,400
MW to commercial, industrial and residential customers in Texas,
Illinois, Pennsylvania and Ohio. The company integrates capabilities
across its core services from plant development, plant management,
demand response, and retail electric supply to the end-use customer. The
company handles all other aspects of power markets, such as asset
management, commodity hedging, solar installation and offtake, wind and
distributed generation, and solar retail products for residential
customers in Texas.

MP2 was recently recognized on DNV GL’s Channel Partner Market survey
for customer satisfaction and ease of doing business, and ranked No. 1
in overall satisfaction on ERCG’s National ABC Broker Survey. In 2014,
the company was honored with The Energy Professionals Association’s
inaugural Supplier of the Year award. For more information, visit

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