Introducing Chariot Energy
HOUSTON– 174 Power Global Corporation (“174 Power Global”) today announced that it broke ground on the $200 million Oberon Solar Power Facility (“Oberon”) in Ector County, Texas. In addition to expanding its solar generation investments, 174 Power Global also announced the launch of a new retail affiliate, Chariot Energy, to facilitate the delivery of affordable, clean energy to customers across 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
“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
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.”
About Chariot Energy
Chariot Energy is a Houston-headquartered retail energy
provider that provides 100% clean, renewable solar energy to the Texas market.
By offering simple, transparent and reliable electricity products to the
communities it serves, Chariot Energy is transforming Texas’ energy supply
while modernizing and simplifying the way solar energy is sold and delivered.
In collaboration with its affiliate companies, Chariot Energy is able to bring
competitive prices to the market by leveraging its value chain from the manufacturing
of the solar modules and development of utility scale solar plants to the
delivery of renewable power to homes and businesses.
Chariot’s mission is to bring solar electricity to all,
without a premium.
For more information, visit: https://chariotenergy.com/
As previously reported, 174 Power Global Retail Texas, LLC is associated with 174 Power Global Corporation, which is the U.S.-based solar project development company arm of the Hanwha Group, a Fortune Global 500 firm and the 7th largest conglomerate in South Korea.
About 174 Power Global Corporation
174 Power Global Corporation is a U.S.-based solar project
development company that provides services in development, design,
construction, power plant ownership and management of utility scale solar power
projects. 174 Power Global teams with landowners, the community, investors and
other project developers across the nation to build solar farms that deliver
clean power to the grid. 174 Power Global’s current portfolio includes the
150-megawatt Oberon Solar Power Facility under construction in Ector County,
Texas and the 100-megawatt Laguna Solar facility in the state of Coahuila,
Mexico. Previously, 174 Power Global developed and sold several other solar
facilities, including the 178-megawatt Midway Solar project in Pecos County,
Texas and the 300-megawatt Techren I and II Solar facilities, currently under
construction in Boulder City, Nevada.
174 Power Global Corporation’s name was inspired by the 174
petawatts (PW) of energy the earth receives from the sun at any moment.
For more information, visit: https://174powerglobal.com/