Eolian in the News
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New ERCOT battery rule could limit energy storage use in grid emergencies, operators say
New ERCOT battery rule could limit energy storage use in grid emergencies, operators say .
New state of charge rules “will substantially reduce energy storage participation in the ancillary markets and reduce competition,” Eolian CEO Aaron Zubaty said.
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
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.
$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.
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.
CPS Energy Completes FlexPOWER Bundle Initiative with Solar, Firming and Storage Additions
February 9, 2023 (SAN ANTONIO) – CPS Energy, the largest municipally owned electric and natural gas utility in the United States, has reached agreements with three companies, closing out the utility’s FlexPOWER Bundle initiative stemming from the RFP that was launched in 2020. In total, the FlexPOWER Bundle will deliver 580 megawatts (MW) of solar, 50 MW of storage, and 500 MW of natural gas firming capacity. The utility will issue a new and separate RFP in the first quarter of 2023 to procure up to an additional 320 MW of solar, to include community solar proposals, to add to its generation portfolio.