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Soluna Announces new 166 MW Behind-the-Meter Term Sheet with Renewable Energy Powerhouse
Momentum Continues after the Energization of Project Dorothy ALBANY, N.Y.--(BUSINESS WIRE)-- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH),
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"\nMomentum Continues after the Energization of Project Dorothy\n\n\n ALBANY, N.Y.--(BUSINESS WIRE)--\nSoluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced the execution of a 166 MW behind-the-meter term sheet with a new leading renewable energy power partner.\n\n\nThe term sheet comes on the heels of Soluna’s successful energization of Project Dorothy, its flagship data center in Texas. The new project, named Kati, will be co-located at an existing renewable energy site, allowing up to 166 MW of Soluna’s modular data center connectivity. The Company and renewable energy partner are currently working through definitive agreements. The regulatory interconnection process has begun.\n\n\nSoluna offers complimentary curtailment assessments for Independent Power Producers, and has analyzed more than 2 GW of renewable projects in the last six months. In addition to the new Project Kati, Soluna currently has 700 MW of additional pipeline in varying stages in addition to Project Dorothy 2 which is approved for 50 MW of interconnection.\n\n\nJohn Belizaire, CEO of Soluna Holdings, said, “Now that Project Dorothy is energized, our customers are able to go on site and see how our highly efficient modular data centers and MaestroOS technology truly make renewable generation assets extract more value. We are excited to begin the development process on Project Kati and will use Project Dorothy as a repeatable blueprint as we develop our pipeline.”\n\n\nSoluna continues its tradition of naming its data centers after women scientists who help catalyze major innovation. Project Kati is named after Kati Kariko, a Hungarian scientist who was instrumental in the development of mRNA-based protein therapies. Her decades of relentless work have helped form today’s modern mRNA vaccines.\n\n\nSafe Harbor Statement\n\n\nThis announcement contains forward-looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates,\" \"confident\" ...