Eolian in the News
Send all media inquiries to: media@eolianenergy.com
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.
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.