By combining power from the newly activated Escape Solar and Storage Project with the Company's 100-megawatt (MW) Mega Solar Array, MGM Resorts' more than doubled its access to renewable energy. In addition, the battery system from Escape Solar allows MGM Resorts to store solar energy generated during peak production hours and use it during evenings and other lower-production periods.
"With this new project coming online, we are accelerating progress toward our goal of using 100% renewable electricity domestically by 2030," said Bill Hornbuckle, CEO and President of MGM Resorts. "Together with our Mega Solar Array, the new Escape Solar and Storage Project reflects our focus on scalable, impactful clean-energy solutions. It also demonstrates that our industry can operate more sustainably while delivering long-term cost stability, strengthening our business and supporting a more resilient energy future."
MGM resorts announced a 25-year power purchase agreement with Escape Solar LLC in September of 2024 to amplify the Company's renewable energy capabilities and extend production to cover up to 100% of its Las Vegas properties' total daytime needs.
As an operator of large-scale resorts, MGM Resorts remains focused on expanding renewable energy use to lower long-term energy costs and mitigate exposure to energy price volatility. Since 2016, the Company has significantly reduced carbon emissions through investments in renewable energy projects, including:
