Top 25 European Cloud Computing Rising Stars: GreenQloud

GreenQloud is headquartered in Iceland and takes advantage of the country’s unique location between Europe and North America. The company boasts its product is 100% powered by renewable geothermal and hydropower energy, which is not common among Cloud Computing competitors and other industry sectors. Actually, the company – established in 2010 – offers hosting and storage for both the European and North American markets, utilizing multiple high speed fiber connections to Iceland.

At present, it employs less than 10 people but offers unique opportunity to those who are really interested in protection of environment. Eirkur Hrafnsson, GreenQloud’s CEO and co-founder, decided to position the company at a location that can benefit from the geothermal springs and hydropower available at the data center run by the company.

As a matter of fact, the product is still in beta testing while the company plans to open the world’s first carbon-neutral cloud service. GreenQloud’s service will be completely compatible with Amazon’s Elastic Compute Cloud (EC2), Simple Storage Service (S3) and Elastic Block Storage (EBS) services, enabling customers to take advantage of the company’s Infrastructure as a Service (IaaS) offering.

There are other players in Europe starting to market themselves as green clouds – but by leveraging carbon offsets, which will make them more expensive and not truly green. There are no green clouds in the US that we know of,”

Hrafnsson said in an interview with Web Host Industry Review.

The company’s co-founder wants to offer Cloud Computing services to customers that are interested in managing their carbon footprint cloud hosting while embracing clean power cloud hosting.

GreenQloud plans to launch a large scale service by the end of third quarter of 2011 and start gaining profits within three years. Those ambitious plans are backed by growing demand for green technologies all over the world, including in the Cloud Computing sector. Angel investors secured USD 500,000 in funding for the company and GreenQloud is looking for a second round of funding.

In September 2010, the company signed a deal with Nimsoft, a CA Technologies company, to use its Nimsoft Monitoring Solution (NMS) in order to provide clients with 24×7 visibility. “Clients are very interested in becoming more environmentally responsible when it comes to IT, but they certainly don’t want to achieve that responsibility at the cost of service quality or peace of mind,” Eirikur Hrafnsson commented in a press release after last year’s deal. The use of NMS allows GreenQloud to offer clients a flexible set of monitoring options ranging from a baseline package to a variety of premium add-ons, the two companies explained in the press release. The company’s solution also utilizes Cloud.com’s Kernel-based Virtual Machine (KVM) stack featuring Microsoft Hyper-V virtualization.

In fact, GreenQloud offers an innovative Cloud Computing solution based on green energy while claiming that it can secure stable energy prices. The company’s business model already attracted attention of many prospect investors and customers and the company has pretty good chance to become a leading IaaS and Cloud Computing provider. In a world affected by constantly fluctuating energy markets, those who can deliver a solution that offers insurance against energy price volatility can boast significant competitive advantage.

By Kiril Kirilov

Sorry, comments are closed for this post.

Comic
Fully Autonomous Cars: How’s It REALLY Going To Work?

Fully Autonomous Cars: How’s It REALLY Going To Work?

Pros and Cons and What the Experts Think Science fiction meets reality, and modern civilization is excitedly looking forward to the ubiquity of self-driving cars. However, an omnipresence of fully autonomous cars won’t happen as quickly as even some hopeful experts anticipate. While the autonomous car pros versus the cons race (See infographic discovered via…

The Lighter Side Of The Cloud – Bottlenecking

The Lighter Side Of The Cloud – Bottlenecking

By David Fletcher Please feel free to share our comics via social media networks such as Twitter, Facebook, LinkedIn, Instagram, Pinterest. Clear attribution (Twitter example: via @cloudtweaks) to our original comic sources is greatly appreciated.

Recent Articles - Posted by
Fintech Systems, Advancements and Investments

Fintech Systems, Advancements and Investments

Fintech Growth According to a recent report, global investment in fintech companies including both venture-backed and non-venture-backed businesses reached $9.4 billion in the second quarter of 2016; investment in venture capital-backed fintech startups, however, fell by 49%. Nevertheless, the Pulse of Fintech, published jointly by KPMG International and CB Insights, suggests venture capital investment in…

How Identity Governance Can Secure The Cloud Enterprise

How Identity Governance Can Secure The Cloud Enterprise

Securing The Cloud Enterprise Cloud adoption is accelerating for most enterprises, and cloud computing is becoming an integral part of enterprise IT and security infrastructure. Based on current adoption trends, it’s clear that the vast majority of new applications purchased by organizations will be SaaS applications. The allure is evident, from cost savings to speed…

5 Ways To Ensure Your Cloud Solution Is Always Operational

5 Ways To Ensure Your Cloud Solution Is Always Operational

Ensure Your Cloud Is Always Operational We have become so accustomed to being online that we take for granted the technological advances that enable us to have instant access to everything and anything on the internet, wherever we are. In fact, it would likely be a little disconcerting if we really mapped out all that…

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data The modern enterprise is digital. It relies on accurate and timely data to support the information and process needs of its workforce and its customers. However, data suffers from a likability crisis. It’s as essential to us as oxygen, but because we don’t see it, we take it for granted.…

Four Recurring Revenue Imperatives

Four Recurring Revenue Imperatives

Revenue Imperatives “Follow the money” is always a good piece of advice, but in today’s recurring revenue-driven market, “follow the customer” may be more powerful. Two recurring revenue imperatives highlight the importance of responding to, and cherishing customer interactions. Technology and competitive advantage influence the final two. If you’re part of the movement towards recurring…

Protecting Devices From Data Breach: Identity of Things (IDoT)

Protecting Devices From Data Breach: Identity of Things (IDoT)

How to Identify and Authenticate in the Expanding IoT Ecosystem It is a necessity to protect IoT devices and their associated data. As the IoT ecosystem continues to expand, the need to create an identity to newly-connected things is becoming increasingly crucial. These ‘things’ can include anything from basic sensors and gateways to industrial controls…

Connecting With Customers In The Cloud

Connecting With Customers In The Cloud

Customers in the Cloud Global enterprises in every industry are increasingly turning to cloud-based innovators like Salesforce, ServiceNow, WorkDay and Aria, to handle critical systems like billing, IT services, HCM and CRM. One need look no further than Salesforce’s and Amazon’s most recent earnings report, to see this indeed is not a passing fad, but…

The Big Data Movement Gets Bigger

The Big Data Movement Gets Bigger

The Big Data Movement In recent years, Big Data and Cloud relations have been growing steadily. And while there have been many questions raised around how best to use the information being gathered, there is no question that there is a real future between the two. The growing importance of Big Data Scientists and the…

Why Small Businesses Need A Business Intelligence Dashboard

Why Small Businesses Need A Business Intelligence Dashboard

The Business Intelligence Dashboard As a small business owner you would certainly know the importance of collecting and analyzing data pertaining to your business and transactions. Business Intelligence dashboards allow not only experts but you also to access information generated by analysis of data through a convenient display. Anyone in the company can have access…

Infographic: IoT Programming Essential Job Skills

Infographic: IoT Programming Essential Job Skills

Learning To Code As many readers may or may not know we cover a fair number of topics surrounding new technologies such as Big data, Cloud computing , IoT and one of the most critical areas at the moment – Information Security. The trends continue to dictate that there is a huge shortage of unfilled…

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by 10-20%. This infographic provided…

6 Tech Predictions To Have A Major Impact In 2016

6 Tech Predictions To Have A Major Impact In 2016

6 Tech Predictions To Have A Major Impact The technology industry moves at a relentless pace, making it both exhilarating and unforgiving. For those at the forefront of innovation it is an incredibly exciting place to be, but what trends are we likely to see coming to the fore in 2016? Below are six predictions…