Soluna signs power agreements for Texas Project Dorothy; energization expected April 2023

Soluna Holdings, Inc

Agreements with Briscoe Wind Farm, LHEC, GSEC for 50 MW initial phases (150 MW total) of Dorothy data center.
Substation interconnect due by March 24; ERCOT approval pending before energization first week of April.
PPA solves wind farm curtailment and allows grid ancillary services when strained.
Initial Retail Agreement term 5 years; Lease for property in Briscoe County, TX also 5 years.
CEO says model can be replicated across pipeline; no financial terms disclosed in filing.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Soluna Holdings, Inc entered into Lease Agreement with Alice Fay Grabbe (effective 2023-02-24).

Action: entry
Agreement: lease
Counterparty: Alice Fay Grabbe
Effective: 2023-02-24

Exact text from the filing

On the Effective Date, ServeCo and Alice Fay Grabbe (“ Owner ”) entered into a Lease Agreement (the “ Lease ”) to lease certain real property located in Briscoe County, Texas for the Dorothy Facility.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Soluna Holdings, Inc entered into Cooperation Agreement with Briscoe Wind Farm, LLC (effective 2023-02-24).

Action: entry
Counterparty: Briscoe Wind Farm, LLC
Effective: 2023-02-24

Exact text from the filing

ServeCo and Briscoe also entered into a Cooperation Agreement (the “ Cooperation Agreement ”), pursuant to which Briscoe and ServeCo agreed to certain rights, obligations, and restrictions with respect to the real property of the Dorothy Facility and the construction, interconnection, permitting, operation, maintenance, removal, and decommissioning of the Dorothy Facility and applicable credit support.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Soluna Holdings, Inc entered into Agreement for Electric Service to Soluna DV Services, LLC with Lighthouse Electric Cooperative, Inc. (effective 2023-02-24).

Action: entry
Counterparty: Lighthouse Electric Cooperative, Inc.
Effective: 2023-02-24

Exact text from the filing

ServeCo and LHEC entered into an Agreement for Electric Service to Soluna DV Services, LLC (the “ Retail Agreement ”) for resale of energy supplied from the Briscoe Wind Farm and the ERCOT market delivered by GSEC for service to the energy load of the Dorothy Facility.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Soluna Holdings, Inc entered into Performance and Net Energy Security Agreement with Briscoe Wind Farm, LLC, Golden Spread Electric Cooperative, Inc., Lighthouse Electric Cooperative, Inc. (effective 2023-02-24).

Action: entry
Counterparty: Briscoe Wind Farm, LLC, Golden Spread Electric Cooperative, Inc., Lighthouse Electric Cooperative, Inc.
Effective: 2023-02-24

Exact text from the filing

ServeCo, Briscoe, LHEC, and GSEC also entered into a Performance and Net Energy Security Agreement (the “ PSA ”), pursuant to which ServeCo will provide certain credit support to LHEC in connection with its obligations under the Retail Agreement and the other transaction agreements.

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23 material agreements filed in the last 30 days. Browse all material agreements →

Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-006973

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