DarkHorse Secures 50 MW Power with Hopkinsville Electric Plant Board
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Key Takeaways
- DarkHorse signed a 50 MW power contract with Hopkinsville Electric System, doubling its TVA region capacity to about 100 MW.
- The company will fully fund a new 65 MW substation, with 15 MW of capacity allocated to local customers.
- The power contract has a ten-year initial term with automatic five-year renewals and includes an 18-month permitting contingency.
- DarkHorse commits to closed-loop cooling, battery integration, and no tax abatements for its facilities.
DarkHorse Technologies Inc., through its wholly owned subsidiary Pennyrile Holdings, LLC, has entered into a power agreement with the Electric Plant Board of Hopkinsville (HES) to supply up to 50 MW for a new superintelligence factory in Kentucky. This commitment doubles the company's contracted power in the Tennessee Valley Authority (TVA) region to roughly 100 MW.
As part of the agreement, DarkHorse will fully finance the construction of a new 65 MW substation that will connect to TVA's 161 kV transmission system, which is designed to handle large loads with minimal voltage drop. DarkHorse will use 50 MW of the substation's capacity, while the remaining 15 MW will enhance capacity for existing HES customers.
Hopkinsville Electric System will be responsible for designing, building, owning, and operating the new substation. DarkHorse must pay the full construction cost upfront and transfer the substation site to HES. The power contract includes an initial term of ten years from the start of service, with automatic five-year renewals thereafter.
The project is subject to an eighteen-month contingency period to secure local permits. Final service delivery depends on obtaining necessary approvals, utility construction, and other standard conditions. TVA has already approved the capacity needed to serve the facility.
