HOUSTON, May 13, 2025
/PRNewswire/ -- ENGIE North America (ENGIE) announced it has
entered into a preliminary agreement with Cipher Mining Inc.
(NASDAQ:CIFR) ("Cipher") to enter into a power supply agreement to
power a Cipher data center in Texas. Once executed, the agreement would
allow Cipher to purchase up to 300 megawatts (MW) of clean energy
from one of ENGIE's wind facilities.
The new arrangement would leverage the wind project's renewable
energy generation to power the co-located data center, helping to
alleviate an already congested transmission area. This helps offset
basis risk and mitigate curtailment challenges especially in
regions like West Texas, where
wind and solar resources are abundant but often face constraints
due to transmission bottlenecks and curtailment.
By pairing the data center with renewable energy, this strategic
collaboration supports the use of surplus energy during periods of
excess generation, while enhancing grid stability and
reliability.
"ENGIE is committed to pursuing innovative solutions that
maximize the value of renewable generation and improving cost
effectiveness of delivering clean energy supply to our customers,"
said David Carroll, Chief
Renewables Officer & SVP, ENGIE North America. "We
are focused on meeting the growing need for power by our customers
as they expand their operations in the U.S. and renewables is an
essential part of supplying this increasing demand."
This agreement continues to reflect ENGIE's position as one of
the leading providers of power purchase agreements globally.
About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a
regional hub of ENGIE, a major player in the energy transition,
whose purpose is to accelerate the transition towards a
carbon-neutral economy. With 98,000 employees in 30 countries, the
Group covers the entire energy value chain, from production to
infrastructures and sales. ENGIE combines complementary activities:
renewable electricity and green gas production, flexibility assets
(notably batteries), gas and electricity transmission and
distribution networks, local energy infrastructures (heating and
cooling networks) and the supply of energy to local authorities and
businesses. Every year, ENGIE invests more than €10 billion to
drive forward the energy transition and achieve its net zero carbon
goal by 2045. ENGIE (ENGI), is
listed on the Paris and Brussels
Stock Exchanges. For more information on ENGIE in
North America, please visit our
website at www.engie-na.com or our LinkedIn page at
www.linkedin.com/company/engie-north-america-inc.
Contact:
ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057
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SOURCE Engie North America Inc.