Origis Energy and Tennessee Valley Authority (TVA) have announced a power purchase agreement to expand their solar and energy storage portfolio in Mississippi. Origis will develop, build and operate Hope Solar+Storage in Clay County, Mississippi, which is a 200 MW AC solar energy+200 MW (800 MWh) energy storage facility, and sell electricity to TVA to help promote some of the fastest growth in population and economic development in the United States. Hope plans to enter commercial operation by the end of 2028, but requires completion of all necessary environmental and development permits and approvals.

Jeremy Fisher, Senior Vice President and Business Officer of TVA Commercial Energy Solutions, said, "TVA is a leader in the clean energy sector, and we are committed to fulfilling our mission of environmental management to increase the amount of affordable and reliable renewable energy in our investment portfolio. This project is an example of American led energy innovation that creates opportunities, brings economic benefits to communities and our customers, and enhances our country's energy security

The TVA report states that the population growth rate in the region is three times the national average, and the GDP growth rate in 2023 is 3%, while the national average is 2.5%. The Origis clean energy complex will help attract and retain employment opportunities in the region. The expected economic benefits of the complex include a recent construction and recruitment revenue of $182 million, and an estimated economic benefit of approximately $7.2 million for the region throughout the entire service life of the facility.

Johan Vanhee, Chief Business and Procurement Officer of Origis Energy, said, "This collaboration connects us with our service recipients and is good news for multiple stakeholders. Industrial customers benefit from achieving decarbonization goals. Residential customers benefit from clean energy, which helps achieve reliable, affordable, and predictable electricity prices. Communities near these projects benefit from building economic activity and the employment growth brought by the industries attracted by these projects

Prior to the announcement, Origis and TVA's Mississippi renewable energy portfolio included three projects. Earlier this year, the Golden Triangle II was put into commercial operation, a 150 MW AC solar project located in Longz County, equipped with 50 MW battery storage. The other two projects currently under construction are Golden Triangle I located in Langze County, which is a 200 MW AC project equipped with 50 MW battery energy storage and is expected to be put into commercial operation by 2025; And Optimist, located adjacent to Clay County, is a 200 MW AC project equipped with 50 MW battery storage, expected to enter commercial operation in early 2026.