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Security Deposits (Tables)
12 Months Ended
Dec. 31, 2022
Deposit Assets Disclosure [Abstract]  
Schedule of Security Deposits Consisted

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Luminant Power Purchase Agreement Independent Collateral Amount

 

$

12,554

 

 

$

6,277

 

Luminant Purchase and Sale Agreement collateral

 

 

3,063

 

 

 

3,063

 

Operating lease security deposits

 

 

960

 

 

 

922

 

Other deposits

 

 

1,153

 

 

 

90

 

Total security deposits

 

$

17,730

 

 

$

10,352

 

 

Under the Luminant Power Agreement (defined above in Note 5, Derivative), the Company was required to provide Luminant with collateral of approximately $12.6 million (the “Independent Collateral Amount”). Half, or approximately $6.3 million, of the Independent Collateral Amount was paid to Luminant on September 1, 2021 and the other half was paid on November 14, 2022. The Independent Collateral Amount will remain in place throughout the term of the Luminant Power Agreement. Details of the construction of the Interconnection Electrical Facilities, including collateral arrangements that are in addition to the Independent Collateral Amount, are set out in the Purchase and Sale Agreement dated June 28, 2021, with amendment and restatement on July 9, 2021 (as amended and restated, the “Luminant Purchase and Sale Agreement”) with another Luminant affiliate. Under the Luminant Purchase and Sale Agreement, the Company provided approximately $3.1 million as collateral separate from the Independent Collateral Amount, which is also recorded in security deposits as of December 31, 2022 and 2021.