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Power is becoming the biggest cost factor for data centres around the world.
But it turns out to be a perfect location for data centres.
With the move to the cloud, IT companies are spending $450bn£282bnbn) a year on new space for data centres.
Key to the strategy is convincing customers to let go of preconceived notions about how cool is cool enough for data centres.
Reducing energy consumption has become a key issue for data centres, not only because of economical benefits but also for environmental and marketing reasons.
Revenues from this "track and tax" system for data centres, software development labs, offices and flights will be placed into an investment fund to pay for renewable energy and offset projects.
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Still, with Singapore's reliance on imported fuel, the collaboration between HP and Singapore's government could result in a new standard for data centre efficiency.
The design of a complex power supply infrastructure and the satisfaction of the concentrated high energy demand is a constant challenge for data centre owners.
The computer firm Dell has smashed the tech takeover record after agreeing to pay $67bn £44bnn) for data centre company EMC Corporation, giving Dell better access to the fast-growing cloud computing sector.
It is also a concern for data centre managers who must wrestle with enormous power bills.
Therefore, saving money in the energy budget of a data centre, without sacrificing Service Level Agreements (SLA) is an excellent incentive for data centre owners, and would at the same time be a great success for environmental sustainability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com