Ormat Acquires Shovel-Ready Texas Energy Storage Project

Dec 18, 2020 01:02 PM ET
  • Ormat Technologies Inc. has finished the acquisition of a shovel-ready power storage property in Upton County, Texas.

Ormat got the property from Con Edison Development. Ormat's entirely had subsidiary, Viridity Energy Solutions Inc., will certainly make, construct, have as well as run the 25 MW battery power storage system (BESS) project. It is co-located with a functional 157 MW solar PV producing center that is owned and also operated by CED Upton County Solar LLC. Ormat is targeting the industrial procedure of the BESS prior to the end of 2021.

" This represents our second power storage space project in Texas, complying with the success of our Rabbit Hill BESS project which has been running with high schedule within the ERCOT market since April of this year," claims Doron Blachar, CEO of Ormat Technologies. "We are delighted to have actually been able to partner with Con Edison Development, a renewable resource developer and also independent power manufacturer, and wish to extend this cooperation better in the future. Ormat is well-positioned to grow its energy storage footprint, as well as this purchase strengthens our target to add in between 80 MW to 175 MW revenue-generating energy storage properties by the end of 2022."

The BESS facility will supply much needed secondary solutions as well as energy optimization to the wholesale markets handled by the Electricity Reliability Council of Texas (ERCOT). Texas is currently experiencing development in renewable resource release as well as fast-acting power storage space sources are expected to play a raising duty in allowing ERCOT to take in such periodic generators, while likewise coping with the raised frequency of extreme weather condition occasions.

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