Mechanical Technology, Incorporated Appoints William Hazelip as Member of the Board
February 23, 2021 at 10:07 pm IST
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Mechanical Technology, Incorporated announced that its Board of Directors has appointed William Hazelip as a member of the Board, effective immediately. MTI's Board of Directors has seven members, including Mr. Hazelip. Mr. Hazelip will be placed in the class of directors with a term that will expire in 2023. To support rapidly growing EcoChain business, the Company intends to bolster the Boards' expertise. Knowledge of the power generation and transmission business, as well as project finance, will be vital to the Company as it continues to scale EcoChain. Will is an accomplished leader in the energy industry, with deep experience in utility project development, financing, regulation, and operations. He currently serves as President, Global Transmission (US) and Strategic Growth, for National Grid Ventures ("NGV"). In this role Will develops new business opportunities in electric transmission, energy storage, and renewable energy. Previously, he was the Managing Director, Business Development at Duke Energy Corporation and the President of Path 15 Transmission, an independent electric transmission company in California, where he led the acquisition for Duke Energy Corporation. Mr. Hazelip also provides extensive Board experience having served as the Chairman of the Board of natural gas pipeline company, the Vice-Chairman of the Board of a growing electric transmission company, and a Board Representative of a renewable energy and battery storage joint venture with NextEra Energy Resources.
Soluna Holdings, Inc. is a developer of green data centers that convert excess renewable energy into global computing resources. The Company builds modular, scalable data centers for computing applications, such as Bitcoin mining, artificial intelligence (AI), and machine learning. It provides an alternative to battery storage or transmission lines. Its data centers enable clean electricity asset owners to sell. The Company conducts its business through its wholly owned subsidiary, Soluna Computing, Inc. (SCI). It operates through two segments: cryptocurrency mining and data hosting. Under cryptocurrency mining segment, SCI engages in cryptocurrency mining by which transactions between cryptocurrency users are verified and added to the blockchain public ledger. Under data hosting segment, it provides electrical power and network connectivity to cryptocurrency mining customers. Its data centers are operated through various projects: Project Edith, Project Sophie, and Project Dorothy.