- Soluna Technologies describes itself as a company making renewable energy into a global superpower—using computing as a catalyst.
- The company plans to develop a 900MW wind farm in Dakhla in southern Morocco to power its computing operations.
The project will be developed in a modular fashion called Pods, with each Pod comprising 12 MW of power generation, a storage system, and a 6-MW cryptocurrency mining or blockchain computing center. The first phase will consist of three such Pods, including wind turbines, totalling up to 36 MW and it will require an investment of US$ 100m.
The plan is to vertically integrate the blockchain ecosystem, using internally-owned electricity to power blockchain operations.
The company acquired 37,000 acres of land zoned as a Class I wind site, indicating that it has an average wind speed of at least 22 miles per hour, according to the company’s website.
Soluna has already carried out and completed studies and research into the technical feasibility of the wind power plant and now the environmental studies. The project has also obtained the approval of the Ministry of Energy.
John Belizaire, Chief Executive Officer (CEO) of Soluna Technologies said that they would begin financing and pre-construction activities in mid-2021.
Author: Bryan Groenendaal