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Pilot Energy Limited ( (AU:PGY) ) has shared an update.
Pilot Energy Limited has announced a strategic partnership with Kala Data to develop a modular data centre at its Arrowsmith Production Facility. This initiative aims to utilize surplus gas-fired power, generating early cash flow to support the transition of the Cliff Head oil field to carbon storage. The initial deployment will see a 1 MW data centre installed in early 2026, with plans to expand to 4 MW by mid-2026 and potentially up to 30 MW. This project positions Pilot Energy as a pioneer in establishing one of Western Australia’s first green data centres, integrating gas-fired generation, solar developments, and future carbon storage.
More about Pilot Energy Limited
Pilot Energy Limited operates in the energy sector, focusing on renewable energy and carbon storage solutions. The company is leveraging its existing infrastructure and expertise to transition from traditional oil and gas operations to sustainable energy projects.
Average Trading Volume: 4,079,721
Technical Sentiment Signal: Sell
Current Market Cap: A$15.11M
Learn more about PGY stock on TipRanks’ Stock Analysis page.