CalEthos increases the size of its development to 315-acres in Lithium Valley for a planned large-scale Clean Energy Powered Data Center Campus
CalEthos (OTCQB:GEDC) has signed an Option Agreement to purchase 315 acres in Lithium Valley's upcoming 'Manufacturing Zone'. This expansion offers significant advantages over their previous site, including: larger industrial-zoned property, better connectivity to high-voltage transmission lines, closer proximity to geothermal power plants, and improved fiber routing options. The company plans a 100-acre/420-megawatt campus as the first of three development phases, potentially supporting up to 1,000,000 square feet of clean energy powered data centers for AI, Cloud, and Hyperscale customers.
The project has garnered support from local authorities, including the Imperial County Board of Supervisors and Imperial Irrigation District. It is expected to accelerate Lithium Valley's development by providing energy offtake opportunities, creating jobs, and stimulating the local economy.
CalEthos (OTCQB:GEDC) ha firmato un Accordo di Opzione per acquistare 315 acri nella prossima 'Zona di Produzione' di Lithium Valley. Questa espansione offre vantaggi significativi rispetto al loro sito precedente, tra cui: proprietà industriale più grande, migliore connettività con linee di trasmissione ad alta tensione, maggiore prossimità agli impianti di energia geotermica e opzioni di instradamento della fibra ottimizzate. L'azienda prevede un campus di 100 acri/420 megawatt come primo di tre fasi di sviluppo, potenzialmente a supporto di fino a 1.000.000 piedi quadrati di centri dati alimentati da energia pulita per clienti AI, Cloud e Hyperscale.
Il progetto ha ricevuto supporto da parte delle autorità locali, inclusi il Consiglio dei Supervisori della Contea di Imperial e il Distretto di Irrigazione Imperiale. Si prevede che accelererà lo sviluppo di Lithium Valley offrendo opportunità di cessione di energia, creando posti di lavoro e stimolando l'economia locale.
CalEthos (OTCQB:GEDC) ha firmado un Acuerdo de Opción para comprar 315 acres en la próxima 'Zona de Manufactura' de Lithium Valley. Esta expansión ofrece ventajas significativas sobre su sitio anterior, incluyendo: propiedad industrial de mayor tamaño, mejor conectividad con líneas de transmisión de alta tensión, más cercanía a plantas de energía geotérmica y opciones mejoradas de enrutamiento de fibra. La empresa planea un campus de 100 acres/420 megavatios como la primera de tres fases de desarrollo, que podría soportar hasta 1.000.000 pies cuadrados de centros de datos alimentados por energía limpia para clientes de IA, Cloud y Hyperscale.
El proyecto ha recibido apoyo de las autoridades locales, incluyendo la Junta de Supervisores del Condado Imperial y el Distrito de Irrigación Imperial. Se espera que acelere el desarrollo de Lithium Valley al proporcionar oportunidades de venta de energía, crear empleos y estimular la economía local.
CalEthos (OTCQB:GEDC)는 리튬 밸리의 다음 '제조 구역'에서 315에이커를 구입하기 위한 옵션 계약을 체결했습니다. 이번 확장은 이전 부지보다 더 큰 산업 구역 부지, 고전압 송전선에 대한 더 나은 연결성, 지열 발전소와의 더 가까운 거리, 향상된 광섬유 라우팅 옵션 등 상당한 이점을 제공합니다. 회사는 AI, 클라우드 및 하이퍼스케일 고객을 위한 최대 1,000,000 평방피트의 청정 에너지원으로 운영되는 데이터 센터를 지원할 수 있는 첫 번째 단계로 100에이커/420메가와트 캠퍼스를 계획하고 있습니다.
이 프로젝트는 임페리얼 카운티 감독위원회와 임페리얼 관개구역을 포함한 지역 당국의 지원을 받았습니다. 이는 에너지 구매 기회를 제공하며, 일자리를 창출하고 지역 경제를 자극함으로써 리튬 밸리의 발전을 가속화할 것으로 예상됩니다.
CalEthos (OTCQB:GEDC) a signé un accord d'option pour acheter 315 acres dans la prochaine 'zone de fabrication' de Lithium Valley. Cette expansion offre des avantages significatifs par rapport à leur site précédent, y compris : un plus grand terrain industriel, une meilleure connectivité aux lignes de transmission haute tension, une proximité accrue des centrales géothermiques et de meilleures options de routage de la fibre. L'entreprise prévoit un campus de 100 acres/420 mégawatts comme première des trois phases de développement, pouvant potentiellement accueillir jusqu'à 1.000.000 pieds carrés de centres de données alimentés par de l'énergie propre pour des clients IA, Cloud, et Hyperscale.
Le projet a reçu le soutien des autorités locales, y compris le conseil des superviseurs du comté d'Imperial et le district d'irrigation d'Imperial. Il devrait accélérer le développement de Lithium Valley en offrant des opportunités de rachat d'énergie, en créant des emplois et en stimulant l'économie locale.
CalEthos (OTCQB:GEDC) hat einen Optionsvertrag zum Kauf von 315 Acres in der kommenden 'Fertigungszone' von Lithium Valley unterzeichnet. Diese Expansion bietet signifikante Vorteile gegenüber ihrem früheren Standort, einschließlich: größeres industrielles Grundstück, bessere Anbindung an Hochspannungsleitungen, kürzere Entfernung zu geothermischen Kraftwerken und verbesserte Möglichkeiten für die Glasfaseranbindung. Das Unternehmen plant einen 100-Acre/420-Megawatt-Campus als erste von drei Entwicklungsphasen, die potenziell bis zu 1.000.000 Quadratfuß saubere Energie betriebene Rechenzentren für KI-, Cloud- und Hyperscale-Kunden unterstützen könnte.
Das Projekt hat Unterstützung von lokalen Behörden erhalten, darunter der Kreistag Imperial County und der Imperial Irrigation District. Es wird erwartet, dass es die Entwicklung von Lithium Valley beschleunigt, indem es Energiekäufe ermöglicht, Arbeitsplätze schafft und die lokale Wirtschaft ankurbelt.
- Secured option to purchase 315 acres in strategic 'Manufacturing Zone' of Lithium Valley
- Planned 100-acre/420-megawatt campus with potential for 1,000,000 square feet of data centers
- Potential to develop 3 to 4 million square feet of data center space over time
- Strong support from local authorities and economic development organizations
- Project expected to accelerate local development and stimulate economy
- None.
TUSTIN, CA, July 31, 2024 (GLOBE NEWSWIRE) -- CalEthos, Inc. (OTCQB:GEDC), (“CalEthos” or the “Company”), today announced the following business update:
On July 24, 2024, CalEthos signed an Option Agreement to purchase 315 acres of land in the soon-to-be approved “Manufacturing Zone” of Lithium Valley. The new property provides CalEthos with significant advantages over its previous data center development site, which include:
- Larger, strategically located, industrial-zoned property with acreage for on-site switchyard, substation and additional data center buildings
- Better options for connectivity to high-voltage transmission lines
- Closer proximity to existing and planned geothermal power plants
- Shorter fiber routing distances to internet backbone and communications networks
- Directly on the main north/south transportation corridor (Hwy. 111) and gateway entrance (Sinclair Rd.) to the planned 51,000-acre Lithium Valley development area
- Lower flood risk – outside of the 100- and 500- year flood zones in a FEMA X (Unshaded) area
CalEthos’ first of three development phases on the property is a planned 100-acre/420-megawatt (MW) campus, with up to 1,000,000 square feet of clean energy powered build-to-suit data centers to support AI, Cloud and Hyperscale customers.
“This new property gives CalEthos the acreage to develop 3 to 4 million square feet of data center over time as more geothermal power plants and other renewable energy and storage solutions come online in and around Lithium Valley”, said Joel Stone, the Company’s President and Chief Operating Officer.
CalEthos has been working over the last couple of years with the County of Imperial, Imperial Valley Economic Development Corp. (IVEDC), Imperial Irrigation District (IID), and geothermal power producers to develop a comprehensive plan that leverages the region's clean energy resources to support a large-scale data center operation.
“CalEthos has the county's full support to develop its data centers in alignment with the broader vision for Lithium Valley,” said Chairman Luis A. Plancarte, Imperial County Board of Supervisors. “The sooner CalEthos builds its data centers and utilizes locally produced power for their operations, the sooner our geothermal power producers can expand operations and increase lithium recovery.”
“CalEthos' energy needs advance the building of additional local transmission, supports adding more sources of clean energy to the grid, and expedites plans for new geothermal power plants, without waiting for new long-distance transmission lines to be built to get power in and out of the area,” added Alex Cardenas, Chairman of IID.
Sean Wilcock, Vice President of IVEDC, emphasized the project's positive economic impact, stating, "CalEthos' data center plans accelerate Lithium Valley's development by providing energy offtake opportunities, creates jobs, and stimulates the local economy. This project is a vital component of the long-term vision for the region and is a testament that Imperial County has the attributes necessary for the green data center industry."
About CalEthos
CalEthos, Inc. (OTCQB: GEDC) is a developer of sustainable data center solutions. The company is committed to leveraging clean energy resources to power its facilities and support the growing demand for digital infrastructure.
About Lithium Valley
Lithium Valley is a planned 51,000-acre development area in Imperial County, California, with a focus on lithium extraction and renewable energy production. The region is poised to become a major hub for clean energy innovation and economic growth. For more information, please visit https://lithiumvalley.imperialcounty.org/.
Media Contact: Joel Stone at jstone@calethos.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances or effects. Moreover, forward-looking statements in this release include, but are not limited to, the Company’s ability to raise capital to fund its data center campus development, to hire and contract the necessary resources to complete its development efforts, to build an adequate supply chain for required construction materials and equipment, the Company’s ability to complete construction of its data center campus, meet customer requirements and to build an adequate operating organization to support customers when its data center campus is completed; the demand for data center space in the U.S. and worldwide; the impact of the current supply chain challenges, which may impact the Company construction schedule; the demand for the Company's proposed wholesale-colocation services; economic conditions in the U.S. and worldwide; and the Company's ability to recruit and retain management, technical, and operating personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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