SAIHEAT announces participating in 1CP program

SAIHEAT (SAIH) announced its participation in the 1CP program, a strategic initiative designed to reduce electricity costs for energy-intensive industries. This initiative aligns with SAIHEAT’s mission to enhance operational efficiency and sustainability in the digital asset sector. The 1CP program is modeled after The AEP Ohio Basic Transmission Cost Rider pilot program, approved by the Public Utilities Commission of Ohio as part of Electric Security Plan V. This program enables select interval-metered customers to have their demand-based BTCR charges calculated based on their load during AEP’s critical peak instead of their monthly billed demand. By shifting demand-based charges to critical peak periods, qualified participants can optimize energy costs and improve overall profitability. By joining the 1CP program, SAIHEAT could gain access to a more cost-efficient energy pricing structure, allowing the company to strategically manage its power consumption during peak demand hours. This initiative is expected to lower operational expenses and further enhance SAIHEAT’s position as an industry leader in sustainable, cost-effective mining and high-performance computing.