• Gas Plant featured in WAPost article

    AI giants learn to share Trump’s zeal for fossil fuels

    Meta, X, Microsoft sidestep climate goals as they sprint to power artificial intelligence with new natural gas plants.

    February 23, 2025
    By 

    Tech and energy companies are pushingtheir ambitious green-energy goals aside and rushing to build natural gas plants across the country, amidescalating demand for power and Washington’s changing political winds.

    Clean energy pioneer Microsoft is looking to new gas generation to power a $3.3 billion data center project in Wisconsin. The giant power company NextEra, which during the Biden era unveiled “the most ambitious carbon-emissions-reduction goal ever set by an energy producer” has since the Jan. 20 inauguration been more eager to talk about its plans to expand natural gas generation.

    Meta late last year announced a 4-million-square-foot data center in the Louisiana delta, which filings show will be powered by new natural gas turbines. Even the investment company that led a 2021 shareholder revolt at ExxonMobil over its sluggish embrace of cleaner energy, Engine No. 1, is doubling down on fossil fuel expansions to power the explosive growth of artificial intelligence.

    READ THE REST OF THE STORY AT THE WASHINGTON POST

  • lRE Announces Over 700 MWac of New Solar Projects in Oklahoma Supported by Long-Term Agreements with Google

    LRE Announces Over 700 MWac of New Solar Projects in Oklahoma Supported by Long-Term Agreements with Google

    Significant solar portfolio strengthens LRE’s leadership in renewable energy, supports the increasing demand for energy and furthers energy independence

    January 15, 2025 11:52 AM Eastern Standard Time

    DALLAS--(BUSINESS WIRE)--LRE (Leeward Renewable Energy), a leading American renewable energy company, today announced over 700-megawatt alternating current (MWac) of renewable energy projects in Oklahoma that are supported in part by long-term power purchase agreements (PPAs) with Google.

    These projects are strategically sited to support Google’s data center operations and leadership in artificial intelligence (AI). They will bolster the reliability of Oklahoma’s electric grid by adding renewable capacity that improves stability and diversifies the energy mix, while also supporting national energy independence. This collaboration reinforces LRE’s commitment to delivering innovative solutions that address the evolving energy needs of its partners and the communities where its projects are based.

    Construction has begun on the 372-MWac Mayes County Solar Portfolio, located just within one mile from Google’s data center in Pryor, Oklahoma. Together with the Twelvemile Solar Project 1 & 2 (152.5 MWac) and the Twelvemile 3 Solar Project (200 MWac), located in Southern Oklahoma, these projects total 724 MWac of solar capacity in Oklahoma.

    LRE purchased the Mayes County Solar Portfolio earlier this year from Red River Renewable Energy, LLC (“Red River”), a joint venture between SunChase Power, LLC (“SunChase”) and Eolian, L.P. The energy generated by the solar portfolio is delivered under firm transmission service to the Grand River Dam Authority (“GRDA”). GRDA plans to utilize the clean energy produced by the projects to support operations at Google’s data center.

    READ MORE HERE

  • How batteries are riding the free market rodeo in Texas

    How batteries are riding the free market rodeo in Texas

    January 14, 20253:00 AM ET

    The Indicator from Planet Money, NPR

    By: Darian Woods, Wailin Wong, Cooper Katz McKim, Kate Concannon

    If you want to build a grid-scale battery project in Texas, be prepared to ride the free-market rodeo. On our second episode of this week's battery series, we visit the state that has the second-most battery storage capacity to understand whether large-scale batteries can help prevent blackouts.

    Listen Now: Grid-scale battery markets from Texas to California : The Indicator from Planet Money : NPR

  • Jeremy-Thomas-Storage-Asset-Manager

    Texas’ battery storage: a boom and bust market?

    FT Energy Source

    Dec 2, 2024

    Investment in battery storage systems across the US has surged in 2024, especially in Texas. The FT’s Myles McCormick looks at how climactic conditions that lead to a fluctuating power supply, combined with the state’s low-regulation, business-friendly energy market has created ideal conditions to build battery storage sites quickly and at scale. But are we looking at a boom-bust market?

    Watch More at: Texas’ battery storage: a boom and bust market? | FT Energy Source

Eolian in the News

Send all media inquiries to: media@eolianenergy.com

IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

A utility promised to stop burning coal. Then Google and Meta came to town.

The Omaha Public Power District ruled in April that the developer, Eolian, could not connect to the grid batteries it plans to install on an industrial lot near Omaha’s coal-fired plant. The power company said private companies are prohibited from hooking up such projects because Nebraska is a “public power” state where infrastructure must be community owned.

Eolian officials, after working on their plan for six years, say they were blindsided by the decision. They argue Nebraska law has specific exemptions allowing the purchase of clean energy from private firms.

“Given the large and growing data center footprint in Omaha, it is confounding that the local utility would intentionally impede the addition of multi-hour battery energy storage resources,” said Eolian CEO Aaron Zubaty. The utility said in a statement that the exceptions are limited and do not allow for “a privately owned, stand-alone battery storage facility.” Eolian and the utility will now make their case to the Nebraska Power Review Board, which has authority to approve the project.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

As Texas embraces battery energy storage, Hill Country residents push back — ‘Not in our backyard’

MASON — Christopher Dyer says his noisy neighbor moved in without warning. 

No one knocked at the door of his home about 40 miles northwest of Fredericksburg to ask how he’d feel about living next to a battery energy storage site. Instead, he got an earful of construction noise. That was soon replaced by the sound of air conditioners whirring to keep the batteries cool and the hum of electricity at the facility, which is about 60 feet from his property.

He installed waterfall fountains in his backyard to drown out the racket and the city of Mason built a 10-foot fence around the site. It wasn’t enough, Dyer said. He and his wife, Catherine, don’t even try entertaining on their patio anymore. 

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

'Football fields' of batteries have helped Texas's grid when electricity demand is highest

FORT WORTH, Texas — Curious cattle lowed at the herd of people examining rows of shipping containers about thirty yards away on an overcast May morning.

A heavy-duty fence surrounds the inconspicuous gray boxes. Air conditioners cooling their precious cargo emit a gentle hum.

The property borders ranchland and an asphalt maker, all about three miles south of Hicks Airfield in Fort Worth. Electricity transmission lines cast a long shadow over the industrial site.

"A lot of people saw, like us, the opportunity to fill a need," Stephanie Smith said, walking the gravel path between the boxes.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian and Group of Global Banks Announce Closing of $390 Million Renewable Energy Financing

BURLINGAME, Calif., July 30, 2024 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC, today announced the closing of a $315 million renewable energy green loan and $75 million revolving credit facility, building on a $515 million green loan closed in June 2023 with the same group of global banking institutions.  This financing is secured by a diverse group of eligible green project assets created by Eolian and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

SRP and Aypa Power Announce New Battery Storage System to Help Meet Growing Energy Demand

Salt River Project (SRP) and Aypa Power have entered into an agreement to provide 250 megawatts (MW) / 1,000 megawatt-hours (MWh) of new energy storage to the Arizona grid. 

The Signal Butte energy storage project will be a 250 MW, four-hour battery energy storage system located in the Elliot Road Technology Corridor in Mesa, AZ. The project will utilize lithium-ion technology and will have the capacity to power over 50,000 average-sized residential homes over a four-hour period. The project is scheduled to be operational by mid-year 2026. 

“SRP is proud of our continued efforts to deploy battery storage, which will help us maximize use of renewable resources and decarbonize our portfolio in the coming years,” said Bobby Olsen, SRP Associate General Manager and Chief Planning, Strategy and Sustainability Executive. “The Signal Butte project will also help us meet the growing capacity needs of the Phoenix metropolitan area.” 

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

AI is exhausting the power grid. Tech firms are seeking a miracle solution.

The mighty Columbia River has helped power the American West with hydroelectricity since the days of FDR’s New Deal. But the artificial intelligence revolution will demand more. Much more.

So near the river’s banks in central Washington, Microsoft is betting on an effort to generate power from atomic fusion — the collision of atoms that powers the sun — a breakthrough that has eluded scientists for the past century. Physicists predict it will elude Microsoft, too.

The tech giant and its partners say they expect to harness fusion by 2028, an audacious claim that bolsters their promises to transition to green energy but distracts from current reality. In fact, the voracious electricity consumption of artificial intelligence is driving an expansion of fossil fuel use — including delaying the retirement of some coal-fired plants.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $515 Million Green Loan

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan. This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

PGE bolsters reliability of clean energy transition with region's largest battery storage addition

Two new local projects will add 400 megawatts of non-emitting capacity, helping PGE integrate more clean energy into its portfolio

PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced the procurement of 400 megawatts (MWAC) of new battery storage projects – a critical tool in Oregon's clean energy transition and the largest single procurement of standalone energy storage to date by a utility in the U.S. outside the state of California. These projects, located at substations close to electrical demand, will store enough electricity to power all PGE customer homes in a city the size of Portland for an entire evening on battery-delivered energy alone

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

PGE announces major clean energy storage project in Portland

BY ISABELLA O MALLEY

Published 7:15 AM MDT, April 28, 2023
Portland General Electric, the utility serving Portland, Oregon, announced Friday it is putting in the second-largest battery storage installation in the United States, at 400 MW of power. The significance of such projects is they diminish the need for power plants that burn fossil fuels that warm the planet.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

$327 million financial close for Driver Solar

Lightsource bp closes financing and mobilizes construction on largest solar project in Arkansas under agreement with Entergy Arkansas

  • Build-transfer agreement with Entergy Arkansas for the 313-megawatt dc solar project facilitated financing

  • At end of construction and start of commercial operation, Entergy Arkansas will assume facility ownership and operations

  • Project to create up to 400 construction jobs, utilizing the local workforce and subcontractors

Lightsource bp has successfully closed on a $327 million financing package and mobilized construction on the 313 megawatt dc (250 megawatt ac) Driver Solar project located near Osceola in Mississippi County, Arkansas. Lightsource bp completed development, permitted and financed the project and will construct the facility under a build-transfer agreement with Entergy Arkansas announced last year. Upon completion, at 313 MW Driver Solar will be the largest solar farm in Entergy Arkansas’ portfolio as well as the largest in the state of Arkansas, generating enough energy to power more than 50,000 homes.

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IN THE NEWS Stephanie Seiferth IN THE NEWS Stephanie Seiferth

Wärtsilä and Eolian complete 200 MW standalone energy storage facility in Texas, the largest merchant battery system in the world

Wärtsilä Corporation, Trade press release 27 March 2023 at 11:00 UTC+2

Madero and Ignacio energy storage facility will provide Texas’ ERCOT grid with needed flexibility amidst growing energy demand and extreme weather events. ©Eolian

The facility is also first-of-its-kind financed with the Investment Tax Credit to provide critically needed dispatchable resource to meet urgent and growing demand for flexibility in Texas power market

The technology group Wärtsilä has reached commercial operation date (COD) for two major interconnected energy storage systems in South Texas totaling 200 MW and owned by Eolian L.P. (Eolian), a portfolio company of Global Infrastructure Partners. The Madero and Ignacio energy storage plants will be operated using Eolian software, enabling full participation in the Electric Reliability Council of Texas (ERCOT) market. This will add much needed year-round reliable operational ramping capacity to the system. The order for Wärtsilä was booked in February 2021.

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PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Closes First-Of-Its-Kind Standalone Battery Energy Storage Tax Equity Financing

BURLINGAME, Calif., Feb. 13, 2023 /PRNewswire/ -- Eolian, L.P., a portfolio company of Global Infrastructure Partners, has successfully closed the first-of-its-kind tax equity investment in two standalone utility-scale battery storage projects located in Mission, Texas. This pioneering financing is the first use of the Investment Tax Credit (ITC) structure by a standalone utility-scale battery energy storage system and is possible due to passage of the Inflation Reduction Act of 2022. Tax equity investment in the projects was provided by a fund managed by Churchill Stateside Group, LLC.

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