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174 Power Global and Chariot Energy Announce New Solar Initiatives in Texas

174 Power Global and Chariot Energy Announce New Solar Initiatives in Texas

HOUSTON--(BUSINESS WIRE)--

174 Power Global Breaks Ground on 150-Megawatt Solar Power Plant Near Odessa

Chariot Energy, 100 Percent Solar Retail Electricity Provider, Launches

Affiliated Companies Leverage Efficiencies of Solar Manufacturing and Generation To Offer Affordable Retail Electricity

174 Power Global Corporation (“174 Power Global”) today announced that it broke ground on the $200 million Oberon Solar Power Facility (“Oberon”) in Ector County, Texas. In addition to expanding its solar generation investments, 174 Power Global also announced the launch of a new retail affiliate, Chariot Energy, to facilitate the delivery of affordable, clean energy to customers across Texas.

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Solar modules for the 150-megawatt Oberon project will be supplied by Hanwha Q CELLS, one of the world’s leading providers of photovoltaic panels and solar energy generating systems, with a major manufacturing facility in Georgia.

When completed in the spring of 2020, Oberon will generate enough electricity to power 25,000 to 30,000 Texas homes annually with clean, renewable energy. Oberon is 174 Power Global’s second solar generation facility in Texas, further solidifying the state’s position as a leader in renewable energy.

“West Texas has some of the most productive sun in the state, and Ector County is a welcoming, business friendly area,” said 174 Power Global President Henry Yun, PhD. “174 Power Global is committed to producing solar power at Oberon at a price that is competitive with other forms of generation.”

Additionally, Chariot Energy, a subsidiary of 174 Power Global, commenced operations this week, offering simple, transparent and reliable solar electricity products to consumers and businesses in the Texas market. The Public Utility Commission of Texas granted Chariot Energy its Option 1 Texas retail electric provider certificate in March and authority to use the trade name Chariot Energy in May.

“The launch of Chariot Energy is a natural complement to the U.S. solar manufacturing and generation services already provided by our affiliated companies,” said Chariot Energy Chief Operating Officer, Mohsin Khoja. “The company’s integration and backing from 174 Power Global along with other affiliates enable Chariot to bring clean, renewable electricity directly to consumers at an affordable price point.”

About 174 Power Global Corporation

174 Power Global Corporation is a U.S.-based solar project development company that provides services in development, design, construction, power plant ownership and management of utility scale solar power projects. 174 Power Global teams with landowners, the community, investors and other project developers across the nation to build solar farms that deliver clean power to the grid. 174 Power Global’s current portfolio includes the 150-megawatt Oberon Solar Power Facility under construction in Ector County, Texas and the 100-megawatt Laguna Solar facility in the state of Coahuila, Mexico. Previously, 174 Power Global developed and sold several other solar facilities, including the 178-megawatt Midway Solar project in Pecos County, Texas and the 300-megawatt Techren I and II Solar facilities, currently under construction in Boulder City, Nevada.

174 Power Global Corporation’s name was inspired by the 174 petawatts (PW) of energy the earth receives from the sun at any moment.

For more information, visit: http://174powerglobal.com/

About Chariot Energy

Chariot Energy is a Houston-headquartered retail energy provider that provides 100% clean, renewable solar energy to the Texas market. By offering simple, transparent and reliable electricity products to the communities it serves, Chariot Energy is transforming Texas’ energy supply while modernizing and simplifying the way solar energy is sold and delivered. In collaboration with its affiliate companies, Chariot Energy is able to bring competitive prices to the market by leveraging its value chain from the manufacturing of the solar modules and development of utility scale solar plants to the delivery of renewable power to homes and businesses.

Chariot’s mission is to bring solar electricity to all, without a premium.

For more information, visit: https://mychariotenergy.com/

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