Soluna Announces Sustainable AI Soluna Cloud Supported by Hewlett Packard Enterprise

Rhea-AI Summary

Soluna Holdings (NASDAQ: SLNH) has announced a partnership with Hewlett Packard Enterprise (HPE) to deliver sustainable AI cloud solutions. The collaboration, named Soluna Cloud, will use HPE's direct liquid-cooled infrastructure with NVIDIA H100 SXM GPUs, powered by nearly 100% renewable energy. As an HPE Partner Ready Service Provider, Soluna will offer advanced cloud solutions to HPE's global customer base, focusing on AI training and customization of language models.

The partnership aims to make AI operations more environmentally friendly while providing scalable and sustainable solutions for enterprises. Soluna Cloud will leverage Soluna's 2GW pipeline of wasted renewable energy and innovative Helix data centers. Customers can sign up for Soluna Cloud's AI services at www.solunacloud.com.

Positive

• Partnership with HPE to deliver sustainable AI cloud solutions
• Utilization of nearly 100% renewable energy for AI operations
• Access to HPE's global customer base as a Partner Ready Service Provider
• Use of advanced NVIDIA H100 SXM GPUs for high-performance computing
• Potential for scalable and sustainable AI solutions for enterprises

Negative

• None.

Insights

Tech Expert

Soluna's partnership with HPE marks a significant step towards sustainable AI infrastructure. By leveraging HPE's direct liquid-cooled systems with NVIDIA H100 GPUs, Soluna Cloud aims to offer high-performance AI services while minimizing environmental impact. This aligns with the growing demand for eco-friendly computing solutions in the AI industry.

The collaboration's focus on nearly 100% renewable energy for AI workloads is particularly noteworthy. It addresses a critical concern in the tech sector: the massive energy consumption of AI training and inference. By tapping into Soluna's 2GW pipeline of wasted renewable energy, this initiative could set a new standard for sustainable AI operations.

However, the success of this venture will depend on several factors:

• The actual performance and efficiency gains from HPE's liquid-cooling technology
• The reliability and consistency of Soluna's renewable energy sources
• The adoption rate among enterprises, particularly those with stringent sustainability goals

While the partnership shows promise, investors should closely monitor Soluna's ability to deliver on its sustainability claims and attract a significant customer base in the competitive cloud AI market.

Market Research Analyst

This partnership positions Soluna strategically in the rapidly growing sustainable AI infrastructure market. With the global AI market projected to reach $407 billion by 2027, there's a substantial opportunity for providers offering eco-friendly solutions.

Key market implications include:

• Differentiation: Soluna's focus on sustainability could set it apart in a crowded field of AI cloud providers.
• Expanded reach: Access to HPE's global customer base as a Partner Ready Service Provider could significantly accelerate Soluna's market penetration.
• Potential for premium pricing: Enterprises prioritizing sustainability may be willing to pay a premium for green AI services.

However, challenges remain. The AI cloud market is dominated by tech giants like AWS, Google Cloud and Microsoft Azure. Soluna will need to demonstrate clear advantages in performance, cost, or sustainability to capture market share.

Investors should watch for:

• Customer acquisition rates and high-profile client announcements
• Comparative performance metrics against established cloud AI providers
• Expansion of Soluna's renewable energy pipeline to support scaling

While the partnership with HPE lends credibility to Soluna's offering, the company's ability to execute and scale will be important for long-term success in this competitive market.

Joins HPE Partner Ready Service Provider Program

ALBANY, N.Y.--(BUSINESS WIRE)-- Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced it is delivering state-of-the-art AI sustainability cloud solutions for the enterprise with support from Hewlett Packard Enterprise (HPE). The collaboration will power services to support AI training, tuning and customizing both small and large language models (LLMs) for customers, while marking a significant milestone towards achieving more environmentally friendly AI operations.

(Photo: Business Wire)

Soluna Cloud will use HPE’s direct liquid-cooled infrastructure based on NVIDIA H100 SXM GPUs and power its solutions with nearly 100% renewable energy.¹ As an HPE Partner Ready Service Provider partner, Soluna will offer its advanced cloud solutions to HPE's global customer base demonstrating AI expertise and delivery capabilities.

John Belizaire, CEO of Soluna, expressed enthusiasm about the collaboration, stating, "We are honored to partner with HPE to launch Soluna Cloud. We have a mission to make AI more sustainable. Launching our AI Services with HPE’s infrastructure will allow us to deliver an onramp for our customers as we complete the development of our innovative Helix data centers, powered by our 2GW pipeline of wasted renewable energy."

By utilizing Soluna Cloud, enterprises can rapidly deploy AI workloads on a platform that is both more sustainable and scalable, made possible by direct liquid cooling (DLC) and waste-heat recovery.

Maryam Chaudry, Vice President and General Manager, AI Cloud, HPE said, “We are committed to broadening access to AI solutions with industry-leading high-performance computing solutions while minimizing the carbon footprint through our direct-liquid cooling expertise. We are thrilled to partner with Soluna to power its AI Services and enable customers to run their AI workloads on-demand with optimal performance, reliability, and scalability to accelerate innovation.”

Customers interested in accessing Soluna Cloud’s groundbreaking AI services can sign up at www.solunacloud.com.

Safe Harbor Statement

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 is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.

¹Soluna Cloud will be hosted in a colocation that provides power from 99.5% renewable sources.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240730746453/en/

Sam Sova

Partner and CEO

SOVA

Sam@letsgosova.com

Source: Soluna Holdings, Inc.

FAQ

What is Soluna Cloud and how does it relate to SLNH stock?

Soluna Cloud is a sustainable AI cloud solution announced by Soluna Holdings (NASDAQ: SLNH) in partnership with HPE. It aims to provide environmentally friendly AI services, potentially impacting SLNH's market position and stock value in the green technology sector.

How does Soluna Cloud (SLNH) plan to achieve sustainability in AI operations?

Soluna Cloud plans to achieve sustainability by using HPE's direct liquid-cooled infrastructure, powered by nearly 100% renewable energy, and leveraging Soluna's 2GW pipeline of wasted renewable energy for its innovative Helix data centers.

What types of AI services will Soluna Cloud (SLNH) offer through its partnership with HPE?

Soluna Cloud will offer AI services including training, tuning, and customizing both small and large language models (LLMs) for customers, using HPE's infrastructure and NVIDIA H100 SXM GPUs.

How might the HPE partnership affect Soluna Holdings' (SLNH) market reach?

As an HPE Partner Ready Service Provider, Soluna will gain access to HPE's global customer base, potentially expanding its market reach and offering advanced cloud solutions to a wider audience.