OCBC BANK ANNOUNCES HUGE DATA CENTRE COOLING UPGRADE PROJECT

PRESS RELEASE: OCBC Bank is planning to put in place a rack-based cooling system at its regional data centre in Singapore by the end of this year, with an intent to use more green solutions.

The ‘rack-based' cooling system is one of the latest energy-efficient cooling methods for data centres, which allows cooling units to be installed closer to servers in the data centre, so that cooling is more targeted. With this system, OCBC expects its data centre’s carbon emissions to be cut by more than 400 tonnes every year.

All this is a part of OCBC Bank’s efforts to invest more than $25 million to reduce its carbon footprint in Singapore, Malaysia and Greater China, it said in a statement. Lim Khiang Tong, group chief operating officer of OCBC Bank, said that everybody must do their part to build a sustainable future.

Reducing carbon emissions

The investments will fund energy-efficient technology to reduce carbon emissions, and invest in solar energy systems that will increase renewables in its energy mix. OCBC’s $240 million data centre, located in the eastern part of the country, contributes 40 per cent of the bank’s carbon emissions in Singapore.

The six-storey facility has been operational since 2017, according toa report in The Straits Times. Also, the investments will reduce approximately 10,000 tonnes of carbon emissions within the next four years.

To improve energy efficiency, OCBC will retrofit its buildings and a data centre with more energy-efficient technologies, including the use of LED lights over conventional lighting and more energy-efficient air-conditioning systems. OCBC Bank had announced last month that it will retrofit the air-conditioning system at OCBC Tampines Centre Two, which is located in Tampines Avenue 4, to connect to SP Group’s district cooling network at Tampines Town Centre.

The cooling system will be operational in the first half of 2025.

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