GHG Emissions, Industrial, Wind  -  May 24, 2024

Soluna Signs Wind PPA for Texas Data Center Project

Soluna Holdings, Inc, a developer of green data centers for intensive computing applications including bitcoin mining and artificial intelligence, announced the company signed a definitive Power Purchase Agreement (PPA).

The PPA was signed for Project Kati with EDF Renewables and Abu Dhabi Future Energy Company – Masdar (Masdar).

Project Kati is Soluna’s second Renewable Computing data center project in Texas that will be co-located at a wind facility owned by EDF Renewables and Masdar. Project Kati will be executed in two phases, with each phase delivering 83 MW of renewable energy capacity to power high-performance computing applications including AI. 

Upon completion, the project is poised to unlock up to 166 MW of new hosting and joint venture potential. The upcoming phases of the project will focus on securing land leases and navigating ERCOT planning requirements, crucial steps in the development process.

"This milestone demonstrates our growth and momentum in shovel-ready projects and highlights our commitment to sustainable energy solutions," said John Belizaire, CEO of Soluna Holdings, in a statement. "We are excited about the opportunities this project presents, not only in expanding our Assets Under Management but also in contributing to advancements in AI technology."

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