We’re excited to announce a new capability to help you with your business continuity needs in the cloud. You can now reserve capacity in Oracle Cloud Infrastructure (OCI) Compute service. The capacity reservation feature ensures the peace of mind that you have capacity availability when you need it during critical events, such as disaster recovery or unexpected workload spikes.
With capacity reservations, you can reserve capacity for any virtual machine (VM) and bare metal Compute instance in any commercial regions. The reserved capacity remains assigned to your tenancy until you use or delete it. You don’t have a minimum time commitment, so you can modify or delete the capacity reservation at any time.
Capacity reservation helps you to reduce your cost. You’re billed at 85% of the regular resource costs for any unused reserved capacity, reducing the cost of maintaining backup or buffer capacity compared to hot-spare approaches. For more information about how reserved capacity is billed and reported, see the Oracle Cloud Compute service description.
Creating and customizing your capacity reservation takes a few clicks in the Console. The same functionality is also available through the API, CLI, SDK, and Terraform. The following examples show how to create and manage your capacity reservation in the Console.
Under Compute, click Capacity Reservations, and then click Create Capacity Reservation.
Enter a name for the reservation, select the compartment and availability domain, and then click Next.
Select the fault domain, instance shape, and number of instances you want to reserve. You can add more shapes by clicking + Another Shape, which creates another row. After you have selected all the shapes that you want to reserve, click Next.
Review the capacity reservation details, and then click Create.
A new reservation is created. Next, you can monitor and manage your capacity reservation.
You can monitor the used and unused reserved capacity in the Console by clicking Capacity Reservations and then clicking your reservation to open the reservation details page. You can also edit, delete, and reconfigure your capacity reservation in the Console.
Now that the capacity reservation is created, you can launch instances from it.
When needed, you can launch an instance using reserved capacity. In the Create Compute Instance workflow, select Availability domain, click Advanced Options, and then select Capacity reservation. Click Create.
An instance is launched using reserved capacity.
You can see the usage and billing details for your capacity reservations in the Cost Analysis and Cost and Usage Reports. You can find these reports under Account management in the Console. Refer to the Capacity Reservations Billing and Reporting technical documents to understand further in detail how usage is metered, charged, and reported.
We want you to experience these new features and all the enterprise-grade capabilities that Oracle Cloud Infrastructure offers. It’s easy to try them out. For more information, see the Oracle Cloud Infrastructure (OCI) Compute Service.
We value your feedback as we continue to make our service the best in the industry. More feature updates are on the horizon for our cloud compute platform, so please share your thoughts on how we can improve or allow us the opportunity to provide you with more details by leaving a comment below.