• Soluna Holdings, Inc. has signed definitive agreements with key project and regulatory parties for its Texas-based Project Dorothy.
• These milestone agreements allow the project to complete its substation interconnect by March 24th and final testing on all power infrastructure will commence.
• The definitive agreements revolve around a power purchase agreement (PPA) focused on solving the wind farm’s wasted energy issue and a mechanism for Soluna’s modular data centers to be a resource for the grid when it is strained.

Soluna Set to Energize Texas Project

Soluna Holdings, Inc., (NASDAQ: SLNH) announced that they have signed definitive agreements with key project and regulatory parties for their Texas-based Project Dorothy. The milestone agreements will allow them to complete their substation interconnect by March 24th and final testing of all power infrastructure will start afterwards.

Power Purchase Agreement

The definitive agreements are focused around a Power Purchase Agreement (PPA), which is designed to solve the wind farm’s wasted energy issue, also known as curtailment. There is also a mechanism which allows Soluna’s modular data centers to act as an ancillary service resource when the grid is strained.

Safe Harbor Statement

This announcement includes forward-looking statements made under the “safe harbor” provisions of U.S Private Securities Litigation Reform Act of 1995, which can be identified by terms such as “will”, “expects”, “anticipates” etc. Such statements involve inherent risks and uncertainties that could cause actual results differ materially from those expressed or implied in these forward-looking statements.

Michael Toporek Comment

Michael Toporek, CEO of Soluna Holdings commented that these milestone agreements are groundbreaking for their behind-the-meter business model which can be replicated across other projects in their robust pipeline. He further stated that this combined with recent announcements regarding investment brings them closer to energization process completion.

Conclusion

Soluna Holdings‘ signing of definitive agreements allows them to move closer towards completing their energization process while providing solutions for the wind farm’s wasted energy issues at the same time through this PPA agreement..