Energy Storage News•14 days ago
Energy Vault, Jupiter Power, advance projects in ERCOT BESS market
Key Takeaway
The ERCOT BESS market is experiencing rapid expansion through acquisitions and new off-take agreements, creating opportunities for developers and enhancing grid stability for large consumers.
AI Summary
- •Energy Vault acquired a 150MW BESS in ERCOT, indicating active M&A and investment in the region's storage market for developers.
- •Jupiter Power secured a 100MW BESS agreement with Austin Energy, highlighting new PPA opportunities for storage developers.
- •The ERCOT BESS market continues to expand with significant new capacity, offering increased grid flexibility and potential for ancillary services.
- •Large power consumers in ERCOT can anticipate enhanced grid reliability and potential for demand response programs as BESS capacity grows.
Topics
storageercotppam&afinancing
Article Content
Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.