Since the first Climate Awareness Bond was issued in 2007, green bonds have enjoyed staggering...
Qarnot Computing is a French startup that develops digital radiators which use the heat generated by computer processors as free heating for industrial facilities and for housing.
BNP Paribas has partnered with this company to capitalise on the energy consumed by its servers to heat several locations in the Paris region, free of charge. It’s an initiative that’s particularly well adapted to the current situation, where nearly 2% of global electricity is consumed by servers, 50% of which is used for cooling.
“Thanks to this partnership, BNP Paribas Corporate and Institutional Banking is reducing the energy consumed by its servers by switching a part (5%) of its risk calculations onto the Qarnot computing platform. The heat generated by these radiator-servers is directly used for freely and efficiently heating homes, offices and public buildings. Qarnot is therefore enabling BNP Paribas to reduce its carbon footprint for IT calculations by 75%, because the heat is released and the servers no longer need to be cooled”, says David Sibai, a financial engineer in quantitative research at BNP Paribas CIB.
It’s a partnership that reaffirms the ever-increasing attention that the Group pays to innovation, in all its forms.
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Alice joined BNL Group in 2012. She first worked in customer satisfaction team and like Lean &...