The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018.
The power purchase agreement enables Cipher Mining’s data center to access electricity during times of surplus wind generation. This setup supports grid stability and ensures a reliable energy supply. By locating the data center alongside the wind turbines, the agreement addresses potential grid challenges for the energy-intensive data center industry.
An Engie spokesperson stated: "This contract with Cipher confirms that signals from customers regarding renewables remain encouraging in the U.S." The arrangement highlights growing interest in sustainable energy solutions among U.S. businesses.
Engie currently operates approximately 7 gigawatts of renewable energy assets across the United States, with a significant portion based in Texas. The deal reflects ongoing efforts to integrate renewable energy into high-demand sectors like data processing, fostering efficient and stable energy use.
