Senmiao proposes USD 5 million partnership with Energence Utah on 100 MW data center campus buildout
Reuters2026/08/11 10:58- Senmiao Technology signed a non-binding letter of intent to partner with Energence Power, Energence Utah, and its members on a Utah data center campus.
- Proposed staged USD 5 million development-capital investment into Energence Utah, positioning a shift toward digital infrastructure.
- Elio Energy Group to lead development services for the 5,046-acre Energence Utah site in Duchesne County.
- Initial two-year target of 100 MW of firm capacity; longer-term targets include 700 MW by year 4, up to 1.2 GW by year 6.
- Transaction remains subject to due diligence, definitive agreements, required approvals, and closing conditions.
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