• RE 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

    DSignificant 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

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.

Read More
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.

Read More