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.

Is Bigger Better? Not with the Cloud on Your Side

Is Bigger Better? Not with the Cloud on Your Side

Is Bigger Better? Growing up, bigger almost always equated to better. The bigger kid hit the baseball farther, threw the ball faster, shot the hockey puck harder and usually won the fight. In school, we were taught that larger companies were better than the smaller ones. Bigger, meant better economies of scale, more market share…

Jargon Free: The Three Real Main Benefits of Cloud IAM Solutions

Jargon Free: The Three Real Main Benefits of Cloud IAM Solutions

Main Benefits of Cloud IAM Solutions There are significant discussions concerning cloud applications and software solutions, such as identity and access management (IAM) solutions, which are used in conjunction with them. These articles often discuss complex technical reasons and benefits, which may be difficult for a non-technical person to understand. Cloud applications and cloud IAM…

How To Choose The Right Cloud Security Package For Your Business

How To Choose The Right Cloud Security Package For Your Business

How To Choose The Right Cloud Security Package The questions you need to ask yourself when deciding on the right cloud security solution for a growing organisation Not sure which cloud security package will be the best fit for your business? Check out our guide to choosing a service that’s going to meet your needs…

Medical Professionals Face Unique Challenges Using The Cloud

Medical Professionals Face Unique Challenges Using The Cloud

Medical Professionals Using The Cloud The presence and value of Cloud tools have seeped into virtually every industry, and the medical profession is certainly no exception. However, because of the special rules regarding patient privacy, specifically those found in HIPAA, people handling patient information must follow specific guidelines that in many cases, are violated by…

How Cloud Computing Is Changing The Retail Game

How Cloud Computing Is Changing The Retail Game

Cloud Computing Retail The retail industry is constantly evolving to meet the ever-changing needs of consumers. This transformation is influenced by e-commerce, social networking and the latest technologies. Today’s shoppers expect a connected and interactive consumer experience from start to finish. According to a report by the National Retail Federation, it is a projected that…

SaaS Freemium Models and the Hidden Cost of Free

SaaS Freemium Models and the Hidden Cost of Free

SaaS Freemium Models We’ve all been lured into sexy “try before you buy” freemium models that provide just the right amount of functionality to get you started. Yet, it’s not quite enough to complete the job. “Getting the job done” often requires stepping up to a paid or premium version that provides more functionality, capabilities…

Finally, The Time For Security Information Event Management (SIEM)

Finally, The Time For Security Information Event Management (SIEM)

The Time For SIEM Security Information Event Management (SIEM) tools have been around for a long time. My first encounter with a SIEM vendor was about twenty years ago while being courted to resell their product. To this day, I still recall two vivid memories from that meeting; the product was very complex and quite…

CloudTweaks is recognized as one of the leading influencers in cloud computing, infosec, big data and the internet of things (IoT) information. Our goal is to continue to build our growing information portal by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Sponsor