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Back to Newsroom May 31, 2023 (Reuters) — BlackRock, Korea’s SK, Switzerland’s UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, developers and suppliers. Projects coming online are generating…
Back to Newsroom Apr 20, 2023 — A $100 million, 100-megawatt battery storage plant geared to charge as many as 50,000 homes during a power outage is set to open off about 6 acres of farmland near Valley International Airport. But officials are holding off on granting a Colorado company a special permit to open…
Back to Newsroom Apr 20, 2023 — Black Mountain, a privately-held energy and natural resources company, wants to sell its division for power-storage projects amid soaring demand for battery installations used to help stabilize electricity grids. Austin-based Black Mountain Energy Storage has a pipeline of 32 projects projected to produce 6.4 gigawatts of battery power…
Back to Newsroom Jan 25, 2023 — Investment firms Castlelake and Gore Street Capital have acquired respective battery storage projects in the ERCOT, Texas market totalling nearly 600MW of storage capacity. UK investor Gore Street Capital, through its Gore Street Energy Storage Fund (GSF), has acquired a 75MW/150MWh early-stage battery storage project in the Lone…
Texas-based developer Black Mountain Energy Storage (BMES) has sold two standalone storage projects in Texas out of a development portfolio of six that it commenced marketing in 2021. The two projects – Bordertown BESS and Fort Duncan BESS (each 100MWac) – have been acquired by Recurrent Energy. Financial details of the transaction were not disclosed.…
A proposed energy storage unit was presented to commissioners, but no action was taken, during last Wednesday’s meeting of the Calhoun County Commissioners Court. Dan Ditto, of Black Mountain Energy Storage, spoke to the commissioners and County Judge Richard Meyer about leasing or purchasing five acres of land adjacent to the American Electric Power substation…