Garrett Roberts

Garrett Roberts asked about the future potential build-out at Helios, specifically the recent 830 MW incremental approval from ERCOT, how that study went, any constraints encountered, and the expected process for the two additional 1.8 GW applications.

Answer

President and Chief Investment Officer Christopher C. Ferraro explained that the 830 MW approval was part of a larger request, concluding the grid could accept it. He noted the 1.8 GW applications would fall under ERCOT's new batch processing, making timing uncertain. CEO Mike Novogratz emphasized the value of securing the 830 MW before the new process, making the power more valuable.

Garrett Roberts inquired about the future build-out at the Helios campus, specifically the recent 830 MW ERCOT approval, any constraints encountered, and the process for two additional 1.8 GW applications.

Answer

President and CIO Chris Ferraro explained that Helios has over 3.5 GW in total requests, with the 830 MW approval coming from a larger request that ERCOT deemed the grid could accept. He noted that the incremental 1.8 GW will fall under a new, more uncertain batch processing framework. CEO Mike Novogratz emphasized the value of securing the 830 MW before the new process, highlighting the team's preparedness.