Meta Teams Up with SRP and Ørsted to Support Data Center
Meta and SRP customers will benefit from the solar and stored energy from Eleven Mile Solar Center in Pinal County
PHOENIX, Dec. 11, 2023 /PRNewswire/ -- Today, Meta announced its Mesa data center will soon be supported by new solar energy from Salt River Project (SRP) through a contract with leading U.S. clean energy provider Ørsted. Under the contract, Meta will receive the majority portion of the solar energy generated by Ørsted's Eleven Mile Solar Center, a 300-MW solar farm and 300-MW, four-hour battery energy storage system currently under construction in Pinal County, Arizona.
Once online in 2024, this will be the largest solar-plus-battery project on SRP's power grid, and one of the largest battery energy storage systems built in a single phase in the U.S. The solar and stored energy not needed by the Meta data center will be available to SRP's customer base.
In addition to this newly announced project, Meta will also receive an allocation of 50 MW from the 100-MW West Line Solar Facility, which opened earlier this year in Eloy and will soon receive a portion of solar energy from the 200-MW Brittlebush Solar Facility in Coolidge, which is expected to be online in 2024. These projects will each further enable Meta to reach its 100 percent renewable energy and net zero goals.
"We are proud to partner with SRP to bring new solar energy to the grid. Access to renewable energy and a strong, reliable grid were an important part of our decision to build in Mesa," said Urvi Parekh, Meta's Head of Renewable Energy. "Meta is committed to having a positive impact on local communities and we're excited to help bring this additional investment and jobs to the area."
"SRP is pleased to partner with Meta to add more solar to help meet Meta's renewable energy goals and SRP's sustainability commitments," said Bobby Olsen, Chief Planning, Strategy and Sustainability Executive at SRP. "As SRP focuses on responsibly decarbonizing our generation mix, we will need to more than double our power resource capacity by 2035. Strategic partnerships with customers like Meta and renewable energy developers like Ørsted help us get there."
"The Eleven Mile Solar Center is Ørsted's first project in Arizona. We are pleased to partner with SRP to deliver clean, affordable power to their customers, including companies like Meta that are prioritizing sustainability," said James Giamarino, Chief Commercial Officer, Americas at Ørsted. "Ørsted is proud to help meet the growing demand for renewable energy in Arizona, provide grid flexibility to SRP through one of the largest battery energy storage systems in the U.S., and partner with innovative companies that share our vision for a clean energy future."
Eleven Mile Solar Center is currently under construction and is expected to be operational in 2024. Located on over 2,000 acres, the solar and battery energy storage system is estimated to generate $89 million in tax revenue over its lifetime, which will benefit the local school districts, the cities of Coolidge and Eloy, and Pinal County. The project has boosted the local economy through the creation of over 300 construction jobs. Ørsted is actively developing renewable energy projects in over 15 states, with a portfolio of 5.7 GW currently operating or under construction across the United States.
Eleven Mile's storage capacity will contribute to the more than 1,100 MW of large-scale batteries that will be online on SRP's system by the end of 2024. This announcement follows SRP's recent Integrated System Plan (ISP) adoption, which incorporated community and customer perspectives to develop a reliable, affordable and sustainable plan to meet growing demand.
SRP's plan prepares to add 7,000 MW of new renewable resources, which includes 6,000 MW of new, large-scale solar resources by 2035. This is enough solar energy to power more than 1.3 million average size homes and will triple SRP's current extensive portfolio of solar resources scheduled to come online by the end of 2025.
About SRP
SRP is a community-based, not-for-profit public power utility and the largest provider of electricity in the greater Phoenix metropolitan area, serving more than 1 million customers. SRP is also the metropolitan area's largest supplier of water, delivering about 750,000 acre-feet annually to municipal, urban, and agricultural water users.
About Ørsted
A global clean energy leader, Ørsted develops, constructs, and operates offshore and land-based wind farms, solar farms, energy storage facilities, and bioenergy plants. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative.
In the United States, the company has approximately 700 employees and a growing portfolio of clean energy assets and partnerships that includes offshore wind energy, land-based wind energy, solar, storage technologies and e-fuels. A leader across the renewable energy sector in the United States, Ørsted holds the top position in offshore wind energy and operates America's first offshore wind farm, located off the coast of Block Island. Ørsted has a total U.S. land-based capacity of 5 gigawatts across wind, solar, storage technologies and e-fuels operating or under construction. To learn more about the Ørsted U.S. business, visit us.Ørsted.com or follow the company on Facebook, Instagram, and Twitter (@ØrstedUS).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.