(Agreement Complete)...It is between the IID and Controlled Thermal Resources.
They recently announced the successful completion of a power purchase agreement that indicates what they are calling a promising new decade for baseload renewable energy in California and the United States. Imperial Irrigation District and Controlled Thermal Resources, through its wholly owned subsidiary, Hell's Kitchen Power Co 1, LLC, entered into a PPA earlier this month regarding the sale of energy from the Hell's Kitchen geothermal facility. The agreement consists of a 25-year term to supply IID with 40 megawatts of geothermal energy from the Hell's Kitchen facility, located at the foot of the Salton Sea in the region's internationally recognized Salton Sea Known Geothermal Resource Area. The geothermal power facility is expected to be operational in 2023 and will coincide with the development of CTR's integrated direct lithium extraction and conversion facility.