{"id":814006,"date":"2025-02-18T08:05:43","date_gmt":"2025-02-18T13:05:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/"},"modified":"2025-02-18T08:05:43","modified_gmt":"2025-02-18T13:05:43","slug":"project-kati-successfully-exits-ercot-planning-phase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/","title":{"rendered":"Project Kati Successfully Exits ERCOT Planning Phase"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nProject Kati Successfully Exits ERCOT Planning Phase\n<\/p>\n<p class=\"bwalignc\">\nExpected to unlock up to 166 MW of new Bitcoin Hosting and AI Joint Venture Opportunities\n<\/p>\n<p>ALBANY, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSoluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, has successfully exited the Electric Reliability Council of Texas (ERCOT) planning phase for its Project Kati. This marks a critical step forward in the project\u2019s development, clearing the path for construction and further expansion.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/2384657\/4\/EDF-Kati2a-presentation.jpg\" alt=\"Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire)<\/p>\n<\/div>\n<p>\nProject Kati will <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fnews%2Fsoluna-signs-power-purchase-agreement-with-edf-renewables-for-texas-data-center-project%2F&amp;esheet=54208675&amp;newsitemid=20250218889162&amp;lan=en-US&amp;anchor=deliver+up+to+166+MW+of+renewable+energy+capacity+in+two+phases&amp;index=1&amp;md5=5a9d271e5cb5c844478e3904aac8488c\">deliver up to 166 MW of renewable energy capacity in two phases<\/a>, and is expected to unlock new hosting and joint venture opportunities. This project is set to power advanced computing applications, including Bitcoin mining and artificial intelligence (AI).\n<\/p>\n<p>\n\u201cThe successful exit from the ERCOT planning phase is a major achievement for Project Kati and a testament to the hard work and dedication of our team,\u201d said John Belizaire, CEO of Soluna Holdings. \u201cThis milestone brings another project closer to shovel readiness helping to realize our vision of expanding renewable computing infrastructure for the world\u2019s most innovative computing applications.\u201d\n<\/p>\n<p>\nWith the ERCOT planning phase complete, Project Kati will now focus on:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Land Negotiations<\/b> \u2013 The Company is in the final stages of land-related activities for the site. The goal is to acquire enough land for both of the project&#8217;s phases and future AI opportunities.\n<\/li>\n<li><b>Capital Formation Activities<\/b> \u2013 The Company will open up the project to bids from potential investors.\n<\/li>\n<li><b>AI Joint Venture Opportunities<\/b> \u2013 The Company is also in talks with potential joint venture partners to develop an AI data center at the project.\n<\/li>\n<li><b>HPC Site Analysis<\/b> \u2013 The Company has hired AI data center development advisors to study the site for key requirements for high performance, Tier-3 data centers. This includes land, energy, environment, connectivity, and more.\n<\/li>\n<\/ul>\n<p>\nThe Company intends to start construction of Project Kati in 2025. Following completion of the first 83 MW phase, the Company would have over 206 MW under management for Bitcoin Mining and Hosting.\n<\/p>\n<p>\n\u201cOur Hyperscale Miner customers continue to seek out our renewable energy-powered data centers to meet their growing hosting needs,\u201d continued John Belizaire. \u201cIt\u2019s a testament to our \u2018white glove\u2019 service we call <i>Relentless Stewardship<\/i>.\u201d\n<\/p>\n<p><i>Soluna continues its tradition of naming its data centers after women scientists who help catalyze major innovation. Project Kati is named after Katalin \u201cKati\u201d Karik\u00f3, a Hungarian scientist who was instrumental in the development of mRNA-based protein therapies. Her decades of dedicated work significantly contributed to the development of modern mRNA vaccines.<\/i><\/p>\n<p>\nFor more information on Soluna and its projects, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com&amp;esheet=54208675&amp;newsitemid=20250218889162&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=2&amp;md5=75230073dbdbee9f03cbea2db01f428f\">solunacomputing.com<\/a>.\n<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>\nThis announcement contains forward-looking statements. These statements are made under the &#8220;safe harbor&#8221; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, our expectations with respect to the completion of Project Kati, including our ability to acquire enough land for the project, our ability to enter into joint ventures, our ability to obtain investors to fund the project, our ability to complete the first phase of the project and our ability to complete the project on the projected timeline or at all, and other statements that are predictive in nature. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cconfident\u201d and similar statements. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the SEC, including the \u201cRisk Factors\u201d section of our Annual Report on Form 10-K filed with the SEC on April 1, 2024. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by law.\n<\/p>\n<p><b>About Soluna Holdings, Inc (SLNH)<\/b><\/p>\n<p>\nSoluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna\u2019s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna\u2019s proprietary software MaestroOS(\u2122) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsolunacomputing.com&amp;esheet=54208675&amp;newsitemid=20250218889162&amp;lan=en-US&amp;anchor=solunacomputing.com&amp;index=3&amp;md5=104b0af838ff50cf6d09788960e8f4a2\">solunacomputing.com<\/a>. Follow us on X (formerly Twitter) at @SolunaHoldings.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250218889162r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/<\/a><\/span><\/p>\n<p>\nSam Sova<br \/>\n<br \/>Partner and CEO<br \/>\n<br \/>SOVA<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Sam@letsgosova.com\">Sam@letsgosova.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Alternative Energy Other Professional Services Data Management Energy Green Technology Sustainability Technology Professional Services Environment Digital Cash Management\/Digital Assets Other Technology Software Networks Other Energy Cryptocurrency<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/2384657\/3\/EDF-Kati2a-presentation.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/799444\/3\/SOLUNA_Logo_WhiteBG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Project Kati Successfully Exits ERCOT Planning Phase Expected to unlock up to 166 MW of new Bitcoin Hosting and AI Joint Venture Opportunities ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, has successfully exited the Electric Reliability Council of Texas (ERCOT) planning phase for its Project Kati. This marks a critical step forward in the project\u2019s development, clearing the path for construction and further expansion. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/ Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire) Project Kati will deliver up to 166 MW of renewable energy capacity in two phases, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Project Kati Successfully Exits ERCOT Planning Phase&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-814006","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Project Kati Successfully Exits ERCOT Planning Phase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Project Kati Successfully Exits ERCOT Planning Phase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Project Kati Successfully Exits ERCOT Planning Phase Expected to unlock up to 166 MW of new Bitcoin Hosting and AI Joint Venture Opportunities ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, has successfully exited the Electric Reliability Council of Texas (ERCOT) planning phase for its Project Kati. This marks a critical step forward in the project\u2019s development, clearing the path for construction and further expansion. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/ Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire) Project Kati will deliver up to 166 MW of renewable energy capacity in two phases, &hellip; Continue reading &quot;Project Kati Successfully Exits ERCOT Planning Phase&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T13:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/2384657\/4\/EDF-Kati2a-presentation.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Project Kati Successfully Exits ERCOT Planning Phase\",\"datePublished\":\"2025-02-18T13:05:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/\"},\"wordCount\":893,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20250218889162\\\/en\\\/2384657\\\/4\\\/EDF-Kati2a-presentation.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/project-kati-successfully-exits-ercot-planning-phase\\\/\",\"name\":\"Project Kati Successfully Exits ERCOT Planning Phase - 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(\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, has successfully exited the Electric Reliability Council of Texas (ERCOT) planning phase for its Project Kati. This marks a critical step forward in the project\u2019s development, clearing the path for construction and further expansion. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250218889162\/en\/ Project Kati Successfully Exits ERCOT Planning Phase (Photo Business Wire) Project Kati will deliver up to 166 MW of renewable energy capacity in two phases, &hellip; Continue reading \"Project Kati Successfully Exits ERCOT Planning Phase\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-18T13:05:43+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/2384657\/4\/EDF-Kati2a-presentation.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Project Kati Successfully Exits ERCOT Planning Phase","datePublished":"2025-02-18T13:05:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/"},"wordCount":893,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250218889162\/en\/2384657\/4\/EDF-Kati2a-presentation.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/project-kati-successfully-exits-ercot-planning-phase\/","name":"Project Kati Successfully Exits ERCOT Planning Phase - 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