Soluna Holdings Inc (NASDAQ:SLNH), parent of Soluna Computing Inc, has signed a behind-the-meter term sheet with an unnamed renewable energy partner enabling the connection of a new modular data centre to 166 MW of power generation capacity.
Soluna is a developer of green data centres for intensive computing applications such as Bitcoin mining. Essentially, the company builds small-footprint data centres for the purpose of buying and consuming a renewable power plant’s curtailed electricity. Its flagship 50-MW data centre in Texas is named Project Dorothy.
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The term sheet concerns a new project called Kati, which will be co-located at an existing renewable energy plant. The two parties are currently working through definitive deals, whilst the regulatory interconnection process has been initiated, a news release says.
“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,” stated John Belizaire, CEO of Soluna Holdings.
The company’s current pipeline includes 700 MW of projects in varying stages in addition to Project Dorothy 2 which has clearance for 50 MW of interconnection.
