Navitas Energy
Flexible Electricity Generation & Demand

What We Do

We develop flexible generation and load assets that are too allowing our wholesale electricity grid to become more renewable.  When the wind does not blow and the sun does not shine, we need flexible generation and load to instantaneously “fill in” the gaps to ensure the stability of the electricity grid.

Why It Makes Sense

The need and market for energy storage in Texas to enable additional renewables growth is here.  Over 15,000+ MW of non-dispatchable solar and wind energy is forecast to be constructed in Texas in the coming 5-10 years replacing dispatchable older fossil fired power generation.   The need for flexible resources in the thousands of MW to compliment and support the integration of these renewables is required.  Battery capital costs have come down, long term structured revenue solutions have emerged, and both equity and debt are interested in deploying sizable capital into this area.  Institutional investors are getting comfortable with performance of the lithium-ion technology and are able to get higher returns versus the “race to the bottom” solar and wind projects that are being marketed and developed today.

With the continued emergence and validation of cryptocurrency (particularly Bitcoin) as a store of value, the emergence of countless use cases for cryptocurrency as the financial sector undergoes disruptive change to antiquated systems and inefficient business processes, and the sudden but permanent regulatory shift in China with regard to crypto mining (where a bulk of the mining was being done), the immediate need for new crypto mining sites that can be developed quickly with access to competitively priced power has accelerated.  Investors looking to deploy capital into crypto mining are also requiring power needs to be co-located, purchased, and/or sourced from renewable generation to qualify for ESG mandates.  Investor interest is high to deploy capital into crypto mining in Texas which has access to low-cost power and is generally “crypto-friendly” from a regulatory standpoint. Because of crypto mining’s inherent flexibility in operations versus traditional data centers, these facilities essentially also serve effectively as “flexible generation” similar to energy storage.

Flexible Generation and Load provide essential electric grid support services.  These assets can maximize the provision of ancillary, or grid support, services allowing the wholesale electric system to better integrate wind and solar renewables and increase the overall reliability of the grid.  The fast responsive load like BTC mines provide real-time frequency response that non-dispatch renewable generation cannot when grid disturbances, such as generator forced outages, endanger the stability of the entire power grid.