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

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."

174 Power | 174powerglobal.com

Chariot Energy | mychariotenergy.com