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Interconnection Completed at Soluna’s Project Dorothy
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Rhea-AI Summary
Soluna Holdings, Inc. (NASDAQ: SLNH) has announced the final completion of interconnection construction for its Project Dorothy in Texas. The project site has received approval for a 100 MW load from its transmission service provider, paving the way for the energization of the first 25 MW. This milestone enables Soluna to scale operations as construction for future phases continues. CEO Michael Toporek emphasized the significance of this achievement for the company's growth trajectory. Soluna plans to announce the energization of the project once approved by ERCOT, the Texas grid operator.
Positive
Completion of interconnection construction for Project Dorothy.
Approval for a 100 MW load enhances operational capacity.
Milestone paves the way for future phases and scaling.
Negative
None.
ALBANY, N.Y.--(BUSINESS WIRE)--
Soluna 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, announced final completion of its interconnection construction at the first phase of Project Dorothy, its flagship project in Texas.
The interconnection is a critical step for the project site, which now has approval from its transmission service provider for a load of 100 MW co-located with a renewable energy power plant in Texas. The completion of the interconnection construction paves the way for the energization of the first 25 MW of the project, Project Dorothy 1A, shortly followed by 25 MW at Project Dorothy 1B. A formal submission for final approval to energize has been sent to ERCOT, the Texas grid operator.
Michael Toporek, CEO of Soluna Holdings, stated, “Finalizing the construction and testing work for our interconnection is an important milestone for Project Dorothy. The team did so in a safe and expedited manner to get us to the final step before energizing the data center. In addition, approval from our transmission services provider for a 100 MW load allows us to scale the site as construction continues for future phases.”
Soluna plans to announce its energization when approved by ERCOT.
This 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" and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
