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Today, One Energy Enterprises Inc. (“One Energy”), a vertically integrated provider of industrial power solutions, declared the launch of commercial operations at its first Megawatt Hub, located in Findlay, Ohio (“Findlay Megawatt Hub”). With this major accomplishment, a brand new age of industrial power solutions has begun.
Industries that demand massive amounts of electricity can connect to One Energy’s grid through one of their Megawatt Hubs. Businesses that charge electric trucks, mine cryptocurrency, and run indoor farms typically use 5–10 MW of electricity. The Findlay Megawatt Hub is the first transmission-voltage substation in the United States to be totally digital, plug-and-play, and expandable to 150 MW.
For example, One Energy CEO Jereme Kent mentioned a few of the many industries that will require access to power at this scale: electric fleet charging, cathode and anode manufacturing, hydrogen production, digital currency mining, mobile data centers, and indoor farming. These industries have been held back by a lack of available power because of the difficulty in obtaining this level of power at transmission voltages. Our Megawatt Hubs are designed to solve power shortages and speed up these developing sectors.
Initially, a renter using cryptocurrency mining processors in mobile computing units will call the Findlay Megawatt Hub home. The Hub will also have a charging station for electric semi-trucks and other large electric cars. The Findlay Megawatt Hub, with its current capacity, can provide continuous charging for up to 90 electric semi-trucks, allowing for the electrification of over 500 electric semis in the region. Because of this, even the largest fleets and operators can benefit from One Energy’s Megawatt Hub solution.
Kent has hinted at future expansion by expressing his delight at the impending commercial launch of their first Megawatt Hub. A quote from him: “We are proud to solve the big power problems of today and tomorrow for the emerging industries we hope to serve.”
It’s important to note that One Energy’s Wind for Industry project is just over the Findlay Megawatt Hub. One Energy is the nation’s largest installer of wind energy systems that operate independently of the grid. To meet the needs of major energy users, it has created cutting-edge energy services including Wind for Industry® and Managed High Voltage®.
One Energy was established in 2009 and has its headquarters in Findlay, Ohio. Currently, it employs around 65 people. By providing cutting-edge and cost-effective power solutions, the company plans to construct a grid that is focused on its customers in the future.
In other news, a new company called TortoiseEcofin Acquisition Corp. III (“TRTL”) has been established to facilitate a corporate combination such as a merger, stock exchange, or acquisition. There will be a merger between TRTL and One Energy Enterprises Inc. and other entities; the resulting company will be titled “One Power Company.” The Agreement and Plan of Merger governs the proposed transaction, and TRTL intends to submit a registration statement with the U.S. Securities and Exchange Commission (SEC) to alert shareholders.
When they become available, potential shareholders and interested parties should read the SEC filings and documentation pertaining to the Proposed Transaction very carefully. Shareholders of TRTL will receive the definitive proxy statement, prospectus, and other relevant papers in order to cast an informed vote on the Proposed Transaction. The SEC’s website contains more details about the participants.
In conclusion, the launch of commercial operations at One Energy’s first Megawatt Hub in Findlay, Ohio, is an important step forward in the development of industrial power solutions. One Energy is at the forefront of innovation in the power business due to its capacity to deliver high-volume power connections and support new energy-intensive industries. Their end goal is to make these industries more sustainable and efficient by resolving the substantial power constraints they face.
