French utility Engie signs deal to sell power to US data center company
PARIS, May 13 (Reuters) - French utility Engie (ENGIE.PA), opens new tab said on Tuesday it had signed a deal to supply up to 300 megawatts of wind power to U.S. data center company Cipher Mining Inc.
The so-called power purchase agreement allows the co-located data center to use electricity during periods of excess generation, while enhancing grid stability and reliability, the utility said.
A co-located data center is a project where equipment, space, and bandwidth are available for rental to retail customers.
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