Is there a way to compress media and project files into something small

I have a 2TB hard disk where all my FCP files - project files, media files and rendered files are stored.
I am not sure I will reopen those projects but still to be onthe safer side I do not want to delete them
but keep the compresed so that in case I need to open them some later time, I can open the project and do the edits.
So is there a way to compress the files and store that I can reuse in a later stage but still take less space now.

You can delete all the render files, since they can recreated when needed.
And you can also delete the optimized or proxy media, if you have any, for the same reason.
I doubt that you'd get much space back by using compression, since video files are already pretty much compressed.

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