United States utility PGE acquires 75-MW battery storage plan in Oregon
- US utility Portland General Electric (NYSE: POR), or PGE, has acquired a 75-MW battery energy storage space project in Oregon and also is preparing to get in building and construction soon.
The Portland-based business stated last week that it anticipates the facility to enter commercial operations in 2024.
To be set up in Hillsboro, the Evergreen battery will be owned by PGE and Minnesota-based building and construction design business Mortenson. According to PGE, the system will certainly supply essential non-emitting dispatchable capacity as well as thus contribute dramatically to Oregon's clean energy shift.
The purchase, the value of which was not revealed, begins the heels of PGE's procurement of 400 MW of battery projects in April. A month later on, the utility filed a draft request for proposals (RfP) with the Oregon Utility Commission, seeking to integrate more clean power sources right into its portfolio. Under the strategy, it will target bids for additional non-emitting dispatchable capacity resources, such as batteries, and sustainable power generation.
PGE intends to attain a minimum of an 80% decrease in greenhouse gas exhausts from power offered to clients by 2030 and also 100% by 2040.