Soluna Completes 83-MW Texas Site, Secures Conditional Base Load Status; Shares Rise

MT Newswires Live09-09 03:04

Soluna (SLNH) shares were up 10% in Tuesday trading after the company said it has energized the final 14 megawatts at Project Kati 1 in Willacy County, Texas, completing the 83-megawatt site.

The company also said it was notified that the Electric Reliability Council of Texas has conditionally classified the full 166-megawatt Kati campus, including the planned Kati 2 AI expansion, as Base Load in its Batch Zero interconnection process.

The classification remains conditional pending ERCOT's ongoing verification process, under which the agency may remove a project from Batch Zero if the applicant does not respond to its information requests, according to the company.

Price: 1.32, Change: +0.12, Percent Change: +10.00

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