diff --git a/lib/fog/bin/rackspace.rb b/lib/fog/bin/rackspace.rb
index 11c83f1dd..4e6ae9ee5 100644
--- a/lib/fog/bin/rackspace.rb
+++ b/lib/fog/bin/rackspace.rb
@@ -7,6 +7,8 @@ class Rackspace < Fog::Bin
         Fog::CDN::Rackspace
       when :compute
         Fog::Compute::Rackspace
+      when :compute_v2
+        Fog::Compute::RackspaceV2
       when :storage
         Fog::Storage::Rackspace
       when :load_balancers
@@ -31,6 +33,9 @@ class Rackspace < Fog::Bin
         when :compute
           Fog::Logger.warning("Rackspace[:compute] is not recommended, use Compute[:rackspace] for portability")
           Fog::Compute.new(:provider => 'Rackspace')
+        when :compute_v2
+          Fog::Logger.warning("Rackspace[:compute] is not recommended, use Compute[:rackspace] for portability")
+          Fog::Compute.new(:provider => 'Rackspace', :version => 'v2')
         when :dns
           Fog::DNS.new(:provider => 'Rackspace')
         when :load_balancers
diff --git a/lib/fog/compute.rb b/lib/fog/compute.rb
index a48b9b7b3..9a1df512f 100644
--- a/lib/fog/compute.rb
+++ b/lib/fog/compute.rb
@@ -7,7 +7,10 @@ module Fog
 
     def self.new(attributes)
       attributes = attributes.dup # prevent delete from having side effects
-      case provider = attributes.delete(:provider).to_s.downcase.to_sym
+      provider = attributes.delete(:provider).to_s.downcase.to_sym
+      version = attributes.delete(:version).to_s.downcase.to_sym
+
+      case provider
       when :aws
         require 'fog/aws/compute'
         Fog::Compute::AWS.new(attributes)
@@ -64,8 +67,13 @@ module Fog
         require 'fog/ovirt/compute'
         Fog::Compute::Ovirt.new(attributes)
       when :rackspace
-        require 'fog/rackspace/compute'
-        Fog::Compute::Rackspace.new(attributes)
+        if version == :v2
+          require 'fog/rackspace/compute_v2'
+          Fog::Compute::RackspaceV2.new(attributes)
+        else
+          require 'fog/rackspace/compute'
+          Fog::Compute::Rackspace.new(attributes)
+        end
       when :stormondemand
         require 'fog/storm_on_demand/compute'
         Fog::Compute::StormOnDemand.new(attributes)
diff --git a/lib/fog/rackspace.rb b/lib/fog/rackspace.rb
index 7d437d909..7a2ebce98 100644
--- a/lib/fog/rackspace.rb
+++ b/lib/fog/rackspace.rb
@@ -44,6 +44,7 @@ module Fog
 
     service(:cdn,             'rackspace/cdn',            'CDN')
     service(:compute,         'rackspace/compute',        'Compute')
+    service(:compute_v2,      'rackspace/compute_v2',     'Compute v2')
     service(:dns,             'rackspace/dns',            'DNS')
     service(:storage,         'rackspace/storage',        'Storage')
     service(:load_balancers,  'rackspace/load_balancers', 'LoadBalancers')
diff --git a/lib/fog/rackspace/compute_v2.rb b/lib/fog/rackspace/compute_v2.rb
new file mode 100644
index 000000000..62f6fe1fa
--- /dev/null
+++ b/lib/fog/rackspace/compute_v2.rb
@@ -0,0 +1,93 @@
+require 'fog/compute'
+
+module Fog
+  module Compute
+    class RackspaceV2 < Fog::Service
+
+      class ServiceError < Fog::Rackspace::Errors::ServiceError; end
+      class InternalServerError < Fog::Rackspace::Errors::InternalServerError; end
+      class BadRequest < Fog::Rackspace::Errors::BadRequest; end
+
+      DFW_ENDPOINT = 'https://dfw.servers.api.rackspacecloud.com/v2/'
+      ORD_ENDPOINT = 'https://ord.servers.api.rackspacecloud.com/v2/'
+      LON_ENDPOINT = 'https://lon.servers.api.rackspacecloud.com/v2/'
+
+      requires :rackspace_username, :rackspace_api_key
+      recognizes :rackspace_endpoint
+      recognizes :rackspace_auth_url
+      recognizes :rackspace_auth_token
+
+      model_path 'fog/rackspace/models/compute_v2'
+
+      request_path 'fog/rackspace/requests/compute_v2'
+
+      class Mock
+        def request(params)
+          Fog::Mock.not_implemented
+        end
+      end
+
+      class Real
+        def initialize(options = {})
+          @rackspace_api_key = options[:rackspace_api_key]
+          @rackspace_username = options[:rackspace_username]
+          @rackspace_auth_url = options[:rackspace_auth_url]
+          @rackspace_must_reauthenticate = false
+          @connection_options = options[:connection_options] || {}
+
+          endpoint = options[:rackspace_endpoint] || DFW_ENDPOINT
+          uri = URI.parse(endpoint)
+
+          @host = uri.host
+          @persistent = options[:persistent] || false
+          @path = uri.path
+          @port = uri.port
+          @scheme = uri.scheme
+
+          authenticate
+
+          @connection = Fog::Connection.new(uri.to_s, @persistent, @connection_options)
+        end
+
+        def request(params)
+          begin
+            response = @connection.request(params.merge!({
+              :headers  => {
+                'Content-Type' => 'application/json',
+                'X-Auth-Token' => @auth_token
+              }.merge!(params[:headers] || {}),
+              :host     => @host,
+              :path     => "#{@path}/#{params[:path]}"
+            }))
+          rescue Excon::Errors::NotFound => error
+            raise NotFound.slurp error
+          rescue Excon::Errors::BadRequest => error
+            raise BadRequest.slurp error
+          rescue Excon::Errors::InternalServerError => error
+            raise InternalServerError.slurp error
+          rescue Excon::Errors::HTTPStatusError => error
+            raise ServiceError.slurp error
+          end
+          unless response.body.empty?
+            response.body = Fog::JSON.decode(response.body)
+          end
+          response
+        end
+
+        private
+
+        def authenticate
+          options = {
+            :rackspace_api_key  => @rackspace_api_key,
+            :rackspace_username => @rackspace_username,
+            :rackspace_auth_url => @rackspace_auth_url
+          }
+          credentials = Fog::Rackspace.authenticate(options, @connection_options)
+          @auth_token = credentials['X-Auth-Token']
+          account_id = credentials['X-Server-Management-Url'].match(/.*\/([\d]+)$/)[1]
+          @path = "#{@path}/#{account_id}"
+        end
+      end
+    end
+  end
+end