July 16, 2024 Satoshi Energy is proud to announce two groundbreaking commercial agreements to co-locate flexible data center loads directly with operating wind farms in the ERCOT market. The recently executed power purchase agreements establish a mutually beneficial relationship between industry leading sustainable energy companies and data center infrastructure companies. The innovative concept tackles head-on the challenges faced by sustainable energy producers – congestion, negative pricing, curtailment, and unfavorable basis risk, and by data center developers – access to high capacity interconnections, ability to energize quickly, and low cost sustainable energy. By strategically pairing sustainable energy with data center needs, Satoshi Energy ensures profit-maximizing operations for both parties.

”The projects exemplify responsible load growth by supporting sustainable energy investment, increasing grid reliability, and stabilizing prices for Texas energy consumers. The timing of these investments aligns with America’s strategic imperative to strengthen our economy with an abundance of low cost energy production and cement our position as world leaders in bitcoin and artificial intelligence.” Andrew Myers, CEO of Satoshi Energy

Orange Roughy

The project co-locates a bitcoin and artificial intelligence data center with an operating wind generation asset under a mutually beneficial structure first pioneered by Satoshi Energy on a 140 MW project in 2022. The accretive cash flow to the wind asset is projected to exceed the annual negative basis cost. The data center is also leveraging existing substation infrastructure to save tens of millions of dollars and reach energization in under six months.

Hammerhead

The project co-locates a bitcoin and artificial intelligence data center with an operating wind generation asset in the Texas Panhandle under a mutually beneficial contracting structure pioneered by Satoshi Energy in a regulated market. The wind farm expects to use the accretive cash flow to buy down existing hedges and improve asset returns. The data center is expected to energize within ten months of first being introduced to the project. The data center will also save tens of millions of dollars by leveraging existing substation infrastructure and benefit from one of the lowest priced nodes in the ERCOT market.

“This project is truly a win-win for all parties involved. And this is not a small win, as the data center will operate for at least the next decade and likely longer. Our world class development team, with the support of great industry partners, developed a novel structure that everyone was excited to execute.”  Brock Petersen, COO of Satoshi Energy

Both projects mark a major milestone in Satoshi Energy’s growth this year. With a robust project development pipeline exceeding 2,000 MW, and a new platform for real time energy contract accounting, invoicing, and payments, Satoshi Energy is building the future of energy markets.