(CNN) -- A cloud-computing company is building what it calls "the world's first zero-emission data center" in Iceland. The British company Colt says the data center will be powered fully by geothermal and hydroelectric sources of energy, which Iceland has in spades. The blog Earth2Tech, where we spotted this story, says Iceland could become a "magnet" for data centers because of the wide availability of renewable energy sources there. "Why is a country, which blipped on the global news radar in recent months because of its ash-spewing volcano and hard-hit financial markets, such a hot place to construct data centers that could house thousands of servers and run web services for Internet giants?" asks Katie Fehrenbacher from that GigaOm network blog. "First off: location. Its placement between Europe and the U.S. means that companies in the U.S. can run their Web services for both continents in one location, potentially saving money," says Fehrenbacher.Colt says it's opening a "zero-emission" data center in IcelandCenter should be open within four months, company saysData centers store information that's "in the cloud" of the InternetEPA: U.S. data centers account for 1.5% of nation's electricity use
Colt expects its _ data center to be up and running within four months.