Evergy has 3 GW of large loads signed and a 5-GW generation pipeline

This audio is auto-generated. Please let us know if you have feedback.

Evergy has executed electric service agreements with 2.5 GW of data centers under its large-load power service tariff, as well as agreements with 500 MW of smaller large loads not covered by the tariff, utility executives said in a Thursday second-quarter earnings call.

The utility company plans to build more than 5 GW of generation through 2032, including 3.9 GW of natural gas, close to 800 MW of solar and 450 MW of battery storage, Evergy CEO and Chairman David Campbell said during the call. The capacity of Evergy’s current fleet is around 15.8 GW.

The recently signed ESAs support Evergy’s expected 7% to 8% growth in retail sales through 2030, said Evergy CFO and Executive Vice President Bryan Buckler. Evergy bumped this expectation up from 6% in the fourth quarter of last year to 7% to 8% in the first quarter of this year in response to an increase in large load business.

“The large load customer ramps are already underway and are expected to continue building in aggregate through 2030 and beyond,” Buckler said. “This reflects the impact of Digital Realty, the fifth ESA customer announced on our first-quarter call.”