Energy Storage News•about 1 month ago
Plus Power signs ESA for 800MWh Alabama BESS
Key Takeaway
This 20-year ESA for a large-scale BESS demonstrates a growing market for long-duration energy storage and provides a strong revenue certainty model for developers.
AI Summary
- •Plus Power and TVA signed a 20-year Energy Storage Agreement (ESA) for the 200MW/800MWh Crawfish Creek BESS in Alabama.
- •This long-term ESA provides significant revenue certainty for developers, de-risking large-scale battery storage projects.
- •The project represents a substantial investment in grid modernization and resilience, offering enhanced reliability for large power consumers.
- •The agreement highlights the increasing utility adoption of long-duration battery storage solutions to meet evolving grid needs.
Topics
financingpolicyppastorage
Article Content
Developer-operator Plus Power and utility Tennessee Valley Authority (TVA) announced a 20-year energy storage agreement (ESA) for the 200MW/800MWh Crawfish Creek battery energy storage system (BESS) in Alabama, US.