Energy Storage News•about 12 hours ago
Xcel Energy plans 600MW ‘US Midwest’s largest BESS project’ in Minnesota
Key Takeaway
Xcel Energy's 600MW BESS project in Minnesota marks a pivotal utility-led expansion of grid-scale storage in the Midwest, signaling robust market growth and creating significant opportunities for developers and enhanced reliability for large power consumers.
AI Summary
- •Xcel Energy plans to develop a 600MW battery energy storage system (BESS) at the Sherco Energy Hub in central Minnesota, making it the largest BESS project in the US Midwest.
- •This significant utility-scale storage deployment will enhance grid reliability and flexibility within the MISO region, potentially stabilizing energy prices and reducing peak demand charges for large power consumers.
- •The project signals a strong market commitment to large-scale BESS, creating substantial opportunities for developers in co-located renewable + storage projects, BESS component supply, and related services, while also highlighting the need for robust interconnection and transmission planning.
Topics
storageinterconnectqueuemisopolicyiraferctransmissioncapacity-marketfinancing