7X Energy, Inc. (“7X”) announced the additional procurement of solar energy by Brazos Electric Power Cooperative, Inc. (“Brazos Electric”) from the Lapetus Energy Project (“Lapetus”) bringing the project from 25 MW to 67.5 MW.

7X is developing the Lapetus solar project that will deliver firm blocks (SolarBlocks) to the ERCOT North trading hub.

7X said, "7X is developing the Lapetus solar project that will deliver firm blocks (SolarBlocksTM) to the ERCOT North trading hub. The fixed blocks of solar, which can be forecasted down to the 15-minute settlement interval for the duration of the purchase contract, will lock in low energy rates during peak periods when electricity can be most expensive and remove the intermittent variability and weather risk of delivered energy associated with traditional solar PPAs."

Tags:
Texas   Contract awards   7X Energy   Solar  

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