EXCLUSIVE: A new firm will be setting up a 600 MW mining and battery site in Texas, promising unprecedented optionality on energy strategies for its clients. egreechee reports.
But another problem was that Compute North’s services agreements didn’t allow it to pass through energy costs. The company could only turn off its customers’ machines when energy prices exceeded a certain level.
The area is also home to almost 7 gigawatts of wind power generation, with winds not dying down in the afternoon, as it does in West Texas, Held said. Demand for electricity in the area is fairly stable because it is home to industrial facilities that require stable amounts of power throughout the day and few population centers, he said.The site is still under construction and the Saxet team is now signing contracts with tenants.
Saxet is taking contracts only for larger than 25 MW from institutional clients in order to be able to execute its tailor-made power management strategies, Shirole said.
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