The Westar energy superX cross is a $3 billion cross-promotion deal announced Thursday that is a partnership between the world’s two largest energy producers, Monster Energy and Westar.
The deal is worth $3,700 per megawatt hour and will include Westar’s Westar-designed supercross, Monster, which is a cross-energy cross that has been designed to deliver the maximum amount of electricity per ton of gas or coal used, while still allowing for a range of other fuel types.
The supercross is also compatible with the Westar fuel cell and can deliver 100 percent of its energy from renewable energy sources such as solar and wind, according to a release from Westar and Monster.
“Westar is the first energy company to have a direct partnership with a major energy provider,” Westar CEO Steve Hulsey said in a statement.
“Westar’s commitment to the supercross has enabled Westar to deliver an innovative new supercross product with significant potential for the future.”
Westar Energy’s supercross design is designed to achieve a wide range of energy benefits, including the potential for more than a billion tons of CO2 emission reductions per year, according the company.
Westar CEO and President Steve Hulsch said in the statement that the partnership with Monster and Westan will help the company continue to improve its portfolio of supercrosses and accelerate the development of a more fuel efficient product.
“Westy is one of the most successful and technologically advanced supercross designs in the world, and we are excited to have Monster and our team of world class engineers and engineers work together to develop a product that will become a major force in the power grid industry,” Hulscha said.
“We are confident that the Westy supercross will help accelerate the power sector’s transition away from fossil fuels and towards renewables and the future of clean energy.
Westar has a proven track record in delivering energy to its customers and customers are already looking forward to Westy’s energy delivery for the next 20 years.”
Westan CEO and founder, Joe Loh said in his statement that Westar is excited to be working with Monster Energy on this project.
“It is our mission to deliver value for our customers by using the most advanced technology in the industry,” Loh added.
“This is the latest milestone in Westar supercross development.
We look forward to partnering with Monster on this next generation of the super cross.”
Westa said in its press release that it has signed a Memorandum of Understanding with Monster that will allow the company to share technology and manufacturing facilities and to expand Westar engineering capabilities.
Westara and Monster have been working closely with Westar on the superx design for more years, according Hulschee.
“Monster is a major player in the global power grid market, and Westa has developed its own innovative product to help meet the growing demand for clean energy in the grid,” Hulschee said.
“We look forward and look forward with enthusiasm to partnering to further expand Westa’s product capabilities and to make Westar a major supplier of superx to our customers.”
The Westar Supercross is currently in development at the company’s headquarters in South Dakota, according a release.
The Westal supercross prototype is expected to begin production in 2020.