Soluna Launches Curtailment Analysis Carrier for Tidy Energy Producers

NEW YORK, NY, Nov 29, 2021 – (ACN Newswire) – Soluna Holdings, Inc. (Nasdaq: SLNH) (formerly Mechanical Technology), a developer of green knowledge facilities for cryptocurrency mining and other intensive computing, introduced this day that it is now offering a personalised estimating service for tidy vitality energy plant householders and developers having a peer to gash again pricey curtailment complications. The personalized Curtailment Analysis is an NDA-real overview of proprietary, mission-stage knowledge to estimate each misplaced and recoverable earnings with the addition of versatile offtake of curtailed energy by Soluna’s modular knowledge facilities (MDC).

“We began as a wind developer, so we know that curtailment can fetch as a lot as 30 percent of an asset owner’s energy generation/profit capacity,” mentioned Soluna Computing CEO John Belizaire. “That’s been permitted as a given. We order it be now an avoidable designate, and we’re out to hide asset householders that they develop no longer must glance their margins drain away.”

Curtailment occurs when tidy electricity suppliers, equivalent to solar and wind farms, can not sell all their energy to a congested or over-supplied grid or must sell it at a loss. Curtailment charges energy plant householders as a lot as $2 million per year as a result of a failure to ship on contracted energy snatch agreements (PPAs), the inability of Production Tax Credit score (PTC), and Renewable Energy Certificates (RECs).

Soluna’s Curtailment Analysis is a groundbreaking, proprietary service that analyzes a producer’s historical knowledge to make a selection how powerful extra earnings householders can gape by incorporating versatile vitality demand on-predicament from the firm’s modular knowledge facilities.

Curtailment Analysis Course of

Energy partners who are drawn to receiving a personalised overview can post knowledge to Soluna for prognosis below NDA. Once got, Soluna’s team analyzes the knowledge, develops the personalised Curtailment Analysis and a conception to treatment the profit bleed. This conception will encompass a detailed see at the mission’s total output, curtailed vitality, seasonality and the financial affect of curtailment.

Soluna’s Curtailment Analysis develops suggestions for reinforcing earnings, including various sized modular knowledge facilities that adjust from 50 MW to 150MW. The details facilities are developed within the wait on of the meter to add versatile demand that converts curtailed vitality into extra earnings. Soluna can salvage and assemble a modular knowledge middle within six months.

Renewable Energy Project Owners, Builders, and Asset Managers can schedule a name to originate their personalized Curtailment Analysis right here.

“We’re making an strive to salvage renewable vitality a world superpower, and we’re going to have the chance to develop that by offering our computing facilities as an straight accessible, designate-efficient more than just a few to battery storage for utility-scale renewable vitality vegetation,” continued John Belizaire.

Having batchable computing capacity equivalent to cryptocurrency mining on-predicament can lengthen the earnings of a renewable vitality mission as a lot as 20% to 30%. These on-predicament scalable knowledge facilities like each extra megawatt that the solar panels or wind mills are no longer in a neighborhood to sell.

About Soluna Holdings, Inc. (formerly Mechanical Technology)

Soluna Holdings, Inc. (Nasdaq: SLNH) (formerly Mechanical Technology) is the main developer of green knowledge facilities that convert extra renewable vitality into world computing resources. Soluna builds modular, scalable knowledge facilities for computing intensive, batchable applications equivalent to cryptocurrency mining, AI and machine learning. Soluna provides a designate-efficient more than just a few to battery storage or transmission lines. Soluna Holdings formed when Mechanical Technology, Inc. (MTI) acquired Soluna Computing in 2021. Soluna’s MTI Devices division manufactures precision tools and testing tools for electronics, aviation, automotive, energy and other industries. Each and each Soluna and MTI Devices exercise skills and intentional originate to treatment complicated, real-world challenges. Up to 30% of the flexibility of renewable vitality initiatives can scurry to raze. Soluna’s knowledge facilities allow tidy electricity asset householders to ‘Sell. Every. Megawatt.’

For more details about Soluna, please order to or observe us on LinkedIn at and Twitter @SolunaHoldings.

Forward-Looking out Observation

This dialog comprises ahead-having a peer statements within the that intention of the Deepest Securities Litigation Reform Act of 1995. Forward-having a peer statements mirror administration’s most up-to-date expectations, as of the date of this dialog, and involve sure risks and uncertainties. Forward-having a peer statements encompass statements herein with respect to the worthwhile execution of the Company’s enterprise intention. The Company’s real results would possibly well differ materially from these anticipated in these ahead-having a peer statements due to various factors. Such risks and uncertainties encompass, among other issues, our capacity to save and take away the proprietary nature of our skills by the patent route of, as well to our capacity to presumably license from others patents and patent applications mandatory to salvage merchandise; the provision of financing; the Company’s capacity to put in force its prolonged vary advertising intention for various applications of its skills; the Company’s capacity to enter into agreements with any mandatory partners; the affect of rivals, the acquiring and maintenance of any mandatory regulatory clearances acceptable to applications of the Company’s skills; and administration of growth and other risks and uncertainties which can be detailed each now and then within the Company’s reports filed with the Securities and Alternate Payment.

Media Contact: Melissa Stanley 1st Earl Baldwin of Bewdley, [email protected], 727-743-3778

Investor Kinfolk Contact: Kirin Smith, [email protected], 646-823-8656

Topic: Press release summary

Source: Soluna Holdings, Inc

Sectors: Telecoms, 5G, Cloud & Enterprise, Surroundings, Different Energy, PE, VC & You would possibly well imagine decisions, Local Biz, Startups

From the Asia Company News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Company News Network.

Related Articles

Back to top button
%d bloggers like this: