Energy storage project acquirers

Which companies own the Bess solar projects?

Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired two standalone lithium-ion battery energy storage system (BESS) sites from developer Borrego. The companies now own a portfolio of two pre-operational BESS developments with a total power capacity of 110MW. Greenbacker also purchased two solar portfolios of up to seven projects, all pre-operational.

How will the energy storage infrastructure project impact ERCOT?

This marks an important milestone following the establishment of the Energy Storage Infrastructure team in 2021, adding significant volume to the development pipeline. The projects will provide flexibility, responsiveness, and dispatchability to the ERCOT grid once operational in 2024.

How many solar projects will Engie invest in in 2022?

The transaction includes 33 projects comprising some 2.7 GW of Solar with 0.7 GW of paired storage and 2.6 GW of stand-alone battery storage. The projects are located across ERCOT, PJM, MISO and WECC 1. ENGIE already has a strong position in North America, with 3.9 GW of installed renewable capacity at 100% as of June 30, 2022.

Where is the Cunningham energy storage project located?

The project is located in Hunt County, TX, and will connect to the Rayburn County Electric Cooperative, Inc. grid. The Cunningham Energy Storage Project is a 190 MW / 380 MWh standalone storage facility, which is expected to operate in the ERCOT market.

Why is energy storage important?

These capabilities make energy storage a critical component of grid reliability and a key technology for the energy transition, helping ERCOT and the Texas consumers it serves benefit from innovation and more economic sources of energy.

Who is Black Mountain Energy Storage?

It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world. Black Mountain Energy Storage is a team of energy experts who develop and operate battery energy storage facilities.