MGM Resorts Powers Up to 100% of Daytime Las Vegas Strip Electricity with Solar

MGM Resorts (NYSE: MGM) is now able to power up to 100% of its daytime Las Vegas Strip electricity with solar after bringing the Escape Solar and Storage Project online in December 2025.

Rhea-AI Summary

MGM Resorts (NYSE: MGM) is now able to power up to 100% of its daytime Las Vegas Strip electricity with solar after bringing the Escape Solar and Storage Project online in December 2025. The project delivers 115 MW of solar capacity plus 400 MWh of battery storage and combines with MGM's existing 100 MW Mega Solar Array, more than doubling the Company's renewable electricity access. MGM signed a 25-year PPA with Escape Solar LLC in September 2024 to secure the new capacity and expects the battery system to shift daytime solar generation to evenings and lower-production periods.

Positive

• Added 115 MW solar capacity (Escape) in Dec 2025
• Commissioned 400 MWh battery storage enabling energy shifting
• Combined renewables total 215 MW capacity (100 MW + 115 MW)
• Secured a 25-year PPA with Escape Solar LLC (Sept 2024)

Negative

• None.

Argus Jan 20 session

-3.95% close to close Open Argus

Details

News Market Reaction – MGM

On Jan 20, the day this news came out, MGM closed 3.95% below the previous close.

Data tracked by StockTitan Argus for the Jan 20 session.

Market Context

This announcement underscores MGM’s progress toward its goal of 100% domestic renewable electricity ...

Analysis

This announcement underscores MGM’s progress toward its goal of 100% domestic renewable electricity by 2030. The Escape Solar and Storage Project adds 115 MW of solar and 400 MWh of storage to the existing 100 MW Mega Solar Array, enabling up to 100% coverage of daytime Strip electricity needs. In evaluating the news, investors may track how these long-term energy contracts affect operating costs, cash flow, and execution on other strategic initiatives highlighted in recent filings and updates.

Key Figures

Escape Solar power: 115 MW Battery storage: 400 MWh Mega Solar Array: 100 MW +5 more

Escape Solar power

115 MW

Solar energy received from Escape Solar and Storage Project starting Dec 2025

Battery storage

400 MWh

Battery capacity from Escape Solar and Storage Project

Mega Solar Array

100 MW

Existing solar array supplying MGM Resorts in Las Vegas

Power purchase term

25-year

Power purchase agreement with Escape Solar LLC announced Sep 2024

Mega Array panels

323,000 panels

Panel count for 100 MW Mega Solar Array in Las Vegas

Mandalay Bay panels

26,000 panels

Panels atop Mandalay Bay Convention Center providing 8.3 MW

Mandalay Bay output

8.3 MW

Solar capacity from Mandalay Bay Convention Center installation

MGM Springfield panels

3,456 panels

Panels atop parking garage at MGM Springfield in Massachusetts

Historical Context

5 past events · Latest: Jan 09

5 events

1. Jan 09

   Earnings date notice

   24h Move

   -2.0%

   Announced timing of Q4 and full-year 2025 earnings release and call.

2. Jan 08

   Arena partnership

   24h Move

   +3.0%

   New multi-year marketing partnership for The Oasis at Death Valley at T-Mobile Arena.

3. Dec 23

   Branding agreement

   24h Move

   -1.5%

   Long-term branding deal with MGM China with higher license rate and extended name use.

4. Dec 16

   Responsible gaming

   24h Move

   -1.4%

   Surpassed 2,000 GameSense Advisors across properties and departments.

5. Dec 15

   Marketing campaign

   24h Move

   -0.1%

   New BetMGM responsible gambling ad featuring Connor McDavid and in-app tools.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

solar-plus-storage, megawatt-hours (MWh), power purchase agreement, forward-looking statements

4 terms

solar-plus-storage technical

"New solar-plus-storage project more than doubles the Company's renewable electricity…"

A solar-plus-storage system pairs solar panels with batteries so electricity generated during the day can be saved and used later, like putting sunshine in a rechargeable container for when it’s needed. For investors, this matters because it turns intermittent solar output into a more reliable, flexible product that can earn revenue at higher-value times, reduce risks from grid outages or curtailment, and qualify for different contracts or incentives that affect project economics and returns.

megawatt-hours (MWh) technical

"115 MW of solar energy and 400 megawatt-hours (MWh) of battery storage…"

A megawatt-hour (MWh) is a unit of energy equal to one megawatt of power delivered continuously for one hour — think of it as the amount of electricity one large turbine could produce running for an hour, or roughly enough to power hundreds of average homes for an hour. Investors use MWh to compare generation, storage and consumption: it translates capacity and output into potential revenue, helps size contracts and inventories, and shows how changes in price or demand affect earnings and asset value.

power purchase agreement financial

"MGM resorts announced a 25-year power purchase agreement with Escape Solar LLC…"

A power purchase agreement (PPA) is a long-term contract in which a buyer agrees to purchase electricity from a generator at an agreed price and schedule, similar to a multi-year subscription for power or a long-term lease of an energy source. Investors care because PPAs provide predictable revenue and cash flow for the generator, reduce market-price exposure, and shift credit and performance risk to the buyer, all of which affect valuation, financing and perceived investment stability.

forward-looking statements regulatory

"FORWARD-LOOKING STATEMENTSStatements in this release that are not historical facts…"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New solar-plus-storage project more than doubles the Company's renewable electricity access

LAS VEGAS, Jan. 20, 2026 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has reached a significant milestone in its renewable energy strategy, now powering up to 100% of its daytime electricity needs on the Las Vegas Strip with solar energy. The achievement was made possible after the Company began receiving 115 MW of solar energy and 400 megawatt-hours (MWh) of battery storage in December of 2025 from the recently completed Escape Solar and Storage Project, located in Lincoln County, Nevada. 

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:

• 323,000-panel Mega Solar Array providing 100 MW to MGM Resorts locations in Las Vegas
• 26,000 solar panels atop the Mandalay Bay Convention Center providing 8.3 MW to that property
• 100-kW rooftop solar array to help power T-Mobile Arena
• 3,456 solar panels atop the parking garage at MGM Springfield in Massachusetts

To learn more about MGM Resorts' sustainability efforts, click here. 

FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding its renewable electricity capabilities and access, including in connection with the Escape Solar and Storage Project. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that its renewable electricity capabilities, access, milestones or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the economic and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of conversion or expansion projects, risks relating to domestic and international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500^® global gaming and entertainment company with national and international destinations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE^® Magazine's World's Most Admired Companies^®. For more information, please visit us at mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

MGM RESORTS CONTACT:
Andrea Bruce
Manager, Corporate Communications
abruce@mgmresorts.com

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SOURCE MGM Resorts International

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MGM (NYSE: MGM) announce about daytime Las Vegas Strip electricity on Jan 20, 2026?

MGM said it can now power up to 100% of daytime Las Vegas Strip electricity using solar after the Escape Solar and Storage Project began delivering energy in December 2025.

How much solar capacity and storage did the Escape Solar and Storage Project add for MGM (MGM)?

The project added 115 MW of solar capacity and 400 MWh of battery storage.

How does the Escape project combine with MGM's existing solar assets (MGM)?

Escape combines with MGM's 100 MW Mega Solar Array, more than doubling the company's renewable electricity access to about 215 MW total capacity.

When was the power purchase agreement for Escape Solar signed for MGM (MGM)?

MGM signed a 25-year PPA with Escape Solar LLC in September 2024.

What operational benefit does the 400 MWh battery provide MGM (MGM)?

The battery system stores daytime solar generation so MGM can use that energy during evenings and lower-production periods.

Does the announcement change MGM's renewable electricity goal timeline (MGM)?

MGM said the new project accelerates progress toward its goal of 100% renewable electricity domestically by 2030.