Black Hills Corp. to Power Meta's New Data Center in Wyoming with Innovative Energy Solutions and Mission-Critical Reliability
July 11 2024 - 4:15PM
Black Hills Corp. (NYSE: BKH) today announced it will partner with
Meta to provide power for its newest data center in Cheyenne,
Wyoming, an area served by the company’s electric utility, Cheyenne
Light, Fuel & Power Company, doing business as Black Hills
Energy.
"Black Hills Energy has been providing energy solutions and
mission-critical electric reliability to support data center
expansion in Wyoming for more than 10 years now,” said Linn Evans,
president and CEO of Black Hills Corp. “With our innovative service
model and industry-leading reliability, we stand ready to serve
Meta with customized energy resources essential to their data
center operations and in line with their sustainability
objectives.”
Black Hills Energy serves its Wyoming data center customers
through a unique energy procurement model which provides qualifying
customers with solutions to meet their specific energy
requirements. This is enabled by the Large Power Contract Service
tariff, in place since 2016, and developed in partnership with one
of the company’s early data center customers.
“With our Large Power Contract Service tariff in Wyoming, we are
well-positioned to serve growing industrial and data center load
while protecting other customers from risks associated with
large-scale capacity additions and rate impacts,” said Evans. “This
capital-light service model is delivering value for our customers,
communities and shareholders, which is integral to our long-term
growth strategy. Today, our data center business is contributing 5%
of our earnings per share, with approximately 10% of EPS
anticipated over the next five years.”
“As Wyoming continues to diversify its economy by attracting new
industries to the state, we remain committed to providing the
critical energy services vital to this effort,” said Evans.
Learn more at
https://www.blackhillsenergy.com/services/power-your-data-center.
Black Hills CorporationBlack Hills Corp. (NYSE:
BKH) is a customer-focused, growth-oriented utility company with a
tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the
company serves 1.34 million natural gas and electric utility
customers in eight states: Arkansas, Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. More information is
available at www.blackhillsenergy.com.
Investor RelationsJerome E.
Nichols605-721-1171jerome.nichols@blackhillscorp.com
24-Hour Media Relations Line 888-242-3969
Caution Regarding Forward Looking Statement
This news release includes “forward-looking statements” as
defined by the Securities and Exchange Commission, or SEC. We make
these forward-looking statements in reliance on the safe harbor
protections provided under the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this news release that address activities,
events or developments that we expect, believe or anticipate will
or may occur in the future are forward looking statements,
including the earnings expectations from the data center business.
These forward-looking statements are based on assumptions which we
believe are reasonable based on current expectations and
projections about future events and industry conditions and trends
affecting our business. However, whether actual results and
developments will conform to our expectations and predictions is
subject to a number of risks and uncertainties that, among other
things, could cause actual results to differ materially from those
contained in the forward-looking statements, the risk factors
described in Item 1A of Part I of our 2023 Annual Report on Form
10-K filed with the SEC, and other reports that we file with the
SEC from time to time. New factors that could cause actual results
to differ materially from those described in forward looking
statements emerge from time-to-time, and it is not possible for us
to predict all such factors, or the extent to which any such factor
or combination of factors may cause actual results to differ from
those contained in any forward-looking statement. We assume no
obligation to update publicly any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
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