Enrique Tejeda Canobbio’s Post

Grid-scale energy storage company Energy Vault is to deploy a 57 MW/114 MWh battery energy storage system (BESS) in Scurry County, Texas. The company has also signed a 10-year offtake agreement with Gridmatic, an AI-enabled power marketer. Construction of the Cross Trails BESS is expected to begin in Q1 2025, with commercial operation expected by summer 2025. The project will be built, owned and operated by Energy Vault. It will provide energy and ancillary services to “support renewable energy production and improve grid resiliency” in the Electric Reliability Council of Texas (ERCOT) region, an Energy Vault statement said. Energy Vault’s 10-year offtake agreement with Gridmatic is expected to commence in Q2 2025. “The offtake agreement is the first physically settled revenue floor contract to be signed for a BESS in ERCOT,” the Energy Vault statement said. Robert Piconi (pictured, left), chairman and CEO of Energy Vault, said: “We continue to execute rapidly and advance our strategy announced earlier this year in May to leverage our deep battery system and software expertise to efficiently build, own and operate energy storage assets. Owning energy storage infrastructure plays a critical role in our commitment to deliver long-term, sustainable shareholder value while allowing the company to more profitably and efficiently capitalise on the growing global demand for energy storage solutions. We are excited to partner with Gridmatic as a leading power marketer with proven storage offtake and optimisation performance to hedge project cash flows and deliver reliable, safe and sustainable energy solutions that will benefit the ERCOT market.” Matt Wytock (pictured, right), CEO of Gridmatic, added: “Energy Vault’s proven expertise and ability to develop and deploy world-class, reliable, and cost-effective energy storage solutions make them a perfect partner for Gridmatic. This BESS will deliver increased grid reliability and affordability for Texas residents as load growth continues to accelerate. We look forward to a strong partnership with Energy Vault for years to come.” Last month, Energy Vault signed an agreement with Enervest Group for the deployment of a 1GWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. #energystorage #batterystorage #usa #renewableenergy  

The North American Energy Markets Association is posting this RFP on behalf of our member WPPI Energy. WPPI Energy (“WPPI”) has a need for additional resources as a result of expiring power purchase agreements. WPPI invites proposals for long term power supply resources – energy supply with or without capacity. WPPI’s primary interest is for carbon free energy with delivery beginning as early as June 1, 2027 or as late as June 1, 2031 and continuing at least seven years. By 2031, WPPI is seeking 1,250,000 MWh annually. WPPI prefers delivery in MISO Local Resource Zone (LRZ) 2, 4, or the portion of LRZ 1 located within Wisconsin. WPPI will also consider variations to our primary interest, including resources that emit some carbon or are located anywhere within MISO LRZs 1-7 or the MISO PJM External Resource Zone. Responses to this RFP are due by close of business (5:00 p.m. CDT) on Friday, August 2, 2024. Please indicate your intent to submit a proposal by email to Andy Kellen ([email protected] ) by 5:00 p.m. on Friday, July 5, 2024. About WPPI: WPPI is a municipal joint action agency serving 51 customer-owned electric utilities in Wisconsin, Michigan, and Iowa. These utilities purchase their electrical requirements from WPPI and supply power to more than 200,000 homes and businesses. WPPI’s peak demand is approximately 1,050 MW and annual energy requirement about 5.2 million MWh. WPPI has a diverse portfolio of power supply resources, including thermal generation owned by WPPI and its members and unit and system power purchased from other parties. WPPI’s renewable resource portfolio includes power purchase agreements (PPAs) totaling approximately 295 MW of wind, 100 MW of solar and 5 MW of hydroelectric and biogas generation. WPPI is exempt from income taxes. For more general information about WPPI, please visit us online at www.wppienergy.org. Thank you for considering this opportunity. Visit here for more information: https://lnkd.in/ezVSQVqn WPPI Energy North American Energy Markets Association

Last September 2023, "Westinghouse has been selected by the Department of Energy (DoE) to deploy a 1.2 GWh utility-scale Long-Duration Energy Storage (LDES) system in Healy, Alaska in support of planned wind power". "Enough to supply about 80,000 average American homes with electricity for up to 12 hours. The facility would cost about half that of one using lithium-ion batteries". "The project represents the largest, planned single installation of long-duration energy storage in the United States and will demonstrate how the technology can firm intermittent renewable power at grid scale while also providing local and regional grid resiliency. Pumped Thermal Energy Storage (PTES) solves many of the challenges associated with other long-duration energy storage applications, such as lithium-ion batteries, providing 10 or more hours of reliable energy storage with a simple, safe, cost-effective design in a compact footprint, delivering the lowest levelized cost of storage when paired with wind or solar. The system leverages readily available and inexpensive locally sourced materials, such as carbon steel, water and concrete, to enable rapid deployment anywhere around the globe." https://lnkd.in/eR7QSASV

UK’s Highview Power bags £300 mn for 6-hour duration liquid air energy storage facility. British firm Highview Power, which specializes in liquid air energy storage, has raised £300 million ($384 million) to set up its first large scale project, and the largest liquid air energy storage battery in the world. The funds were raised from the UK Infrastructure Bank (UKIB), the utility Centrica (£70 million of the £300 million), and a syndicate of investors that includes mining company Rio Tinto, investment bank Goldman Sachs, and Mosaic Capital, a private equity player. The £300 million will support a 50 MW, 300 MWh (six-hour) long-duration energy storage (LDES) facility in Carrington, Manchester that will run on Highview's proprietary liquid air energy storage (an) technology. Liquid air storage is an energy technology that uses power to compress and refrigerate air, turning it into a liquid for storage. When energy is required, the liquid air can be expanded into a gas that is then used to generate power. Highview Power announced that construction would commence immediately with commercial operation beginning in early 2026. The company said it would now start planning its next facilities, which will be larger in scale, totaling 2.5 GWh capacity and requiring £3 billion in funding. Highview said it had developed its LAES technology in the UK over the last 17 years. Its systems can store renewable energy for up to several weeks, longer than battery technologies, the company said in its release. Richard Butland, Co-founder and CEO, Highview Power, said in a statement: "There is no energy transition without storage. The UK's investment in world-leading offshore wind and renewables requires a national long duration energy storage programme to capture excess wind and support the grids transformation. Nigel Steward, chief scientist, Rio Tinto, in a statement supporting the Highview investment: "The investment … marks a significant step in helping to build a greener, more resilient and more stable energy infrastructure for generations to come in the UK and beyond." https://lnkd.in/d_tVCiDm

From the article: As part of its ongoing transition to carbon-free electricity, the Pasadena City Council approved plans for two, new energy contracts: a 10-year wind power contract with CalWind Resources, Incorporated (CalWind) and a Battery Energy Storage System (BESS) at the Glenarm Power Plant. These efforts will diversify Pasadena Water and Power’s (PWP) energy resource portfolio and contribute to the City’s progress toward 100 percent carbon-free energy sources by the end of 2030. The CalWind contract will provide 20 megawatts (MW) of wind power over 10 years. The project will draw from a 30 MW facility, in Tehachapi, CA, which is currently undergoing a repowering to modernize the existing wind turbine fleet. Pasadena currently holds a short-term CalWind contract and will begin receiving power from the new, 10-year agreement in May 2025. The recently approved BESS project at Pasadena’s Glenarm Power Plant will be the first, local utility-scale battery storage system in the city. The project will provide 25 MW of dispatchable storage capacity up to four hours at a time from Glenarm BESS, LLC, a special purpose entity created by EPC Energy Inc. The battery is anticipated to have a 15-year minimum lifespan. “The battery storage installation will allow us to store excess solar energy on the grid and use it during peak demand, which will also help provide local reliability to our distribution system,” said Kelly Nguyen, PWP Assistant General Manager of Power Supply. To help offset the battery and installation costs, PWP secured a $9.6 million grant from the California Energy Commission through the Distributed Electricity Backup Assets Program. PWP expects the BESS project to be completed and operational by 2027.

🔋Battery Storage M&A Powers into 2024 Investment in battery energy storage is skyrocketing as the demand for renewable energy flexibility grows. Battery Energy Storage Systems (BESS) are key to accessing surplus renewable energy on demand, fueling the global energy transition. 🔑 Key Highlights: 📈 227 battery storage M&A deals in 2023, worth $24.1 billion—nearly triple the 2022 value. 📊 Q1 2024 saw 69 BESS transactions, indicating another strong year. 🇺🇸 Major US deals include Arevon Energy’s $350M Condor Energy Storage Project and Strata Clean Energy’s $559M battery storage project. 🌍 Global Leaders: 🇬🇧 UK: Leading Europe with a projected 24 GW battery storage capacity by 2030. 🇪🇸 Spain: Targeting 20 GW by 2030. 🇦🇺 Australia: 40 GW of projects in the pipeline, with a 28% capacity increase expected by 2032. 🇹🇷 Türkiye: Türkiye is also emerging as a significant player in the battery storage market. With its strategic location and increasing focus on renewable energy, Türkiye is aiming to attract investment in BESS projects. The government is supporting initiatives to enhance energy storage capabilities, aiming to improve grid stability and integrate more renewable energy sources. Flexibility in energy storage is crucial for grid reliability as renewable energy grows. The surge in M&A activity highlights the booming demand and investment in BESS assets globally. Check out White & Case LLP's article for more insights on this exciting trend! 📖👇 #BatteryStorage #RenewableEnergy #EnergyTransition #Sustainability #Turkey

Title: Record-Breaking Wind and Gas Energy Shares in South Australia: Implications for Dispatchable Energy [Last one for today and interestingly ..] On 11 July 2024, South Australia achieved interesting annual records in its energy sector, recording a maximum instantaneous wind share of 138.9% at 03:50 hours and a maximum instantaneous gas share of 96.0% at 23:25 hours. These records highlight the variability of wind energy and the critical role of dispatchable energy sources in maintaining grid stability. Key Points: - Annual Record in Wind Energy: South Australia reached a maximum instantaneous wind share of 138.9% at 03:50 on 11 July 2024, surpassing the previous record of 138.1% set on 14 September 2023. This demonstrates the growing contribution of wind energy to the state's power generation. - Annual Record in Gas Generation: Later that day, South Australia recorded a maximum instantaneous gas share of 96.0% at 23:25, emphasising the essential role of gas as a dispatchable energy source to balance the grid when wind generation fluctuates. - Variability of Wind Energy: The significant wind share underscores the inherent variability of wind energy, which can lead to rapid changes in power generation within short periods. - Importance of Dispatchable Energy: The high reliance on gas generation during periods of low wind availability highlights the necessity for robust dispatchable energy sources, such as natural gas and growing battery storage capacity, to ensure grid stability and reliability. - Growing Battery Storage Capacity: Investment in battery storage is increasing, offering future opportunities to enhance grid flexibility and manage the variability of renewable energy sources more effectively. - Interconnection with Eastern NEM States: Strengthening interconnections with eastern National Electricity Market (NEM) states is crucial to balance supply and demand, allowing for more efficient distribution of energy across regions and enhancing overall grid stability. South Australia's new records for instantaneous wind and gas shares illustrate the dynamic nature of the state's energy landscape. These milestones highlight the increasing role of renewable energy while underscoring the critical need for reliable dispatchable energy sources and advanced grid management strategies. Enhanced battery storage and interconnections with eastern NEM states will be vital in maintaining a stable and resilient electricity supply as we continue to integrate more renewable energy into the grid.

Carbon Credits - March 4, 2024 US Energy Storage Rises 59% Amidst the Era of EVs and Lithium Amidst a backdrop of growing electric vehicle adoption and shifting dynamics in the lithium market, the landscape of energy storage in the US is rapidly evolving. With record-breaking installations of lithium-ion battery arrays and notable reductions in lithium prices, the sector is poised for significant transformation.  Unleashing the Power of Energy Storage Energy storage developers are forging ahead, connecting unprecedented volumes of lithium-ion battery arrays to the US power grid. About 6.8 GW of new large-scale battery capacity was added in 2023, a 59% increase from 2022, according to S&P Global Market Intelligence. These projects store electricity primarily for one to four hours and are often co-located with renewable or fossil-fueled power plants. They include over 120 installations, with California, Texas, and the greater Southwest leading the expansion. Together, they bring total non-hydroelectric storage resources to about 17 GW. According to Market Intelligence data, California leads with 8,179 MW of operating batteries, followed by Texas with 4,252 MW, as of Feb. 8. Arizona ranks third with 858 MW, trailed by Nevada with 758 MW and New York with 232 MW. The battery storage pipeline is also expanding in states like Oregon, Indiana, and Wisconsin, signaling broader growth beyond the Southwest-centric focus. S&P Global Commodity Insights anticipates 4.2 GW of firm projects in 2024, forecasting a total installed battery power storage capacity of 23 GW by the end of 2025. This robust growth underscores the pivotal role of energy storage in America’s transition to a sustainable energy future. #energystorage #installedbatterypower #EVadoption #sustainableenergyfuture #lithiummarketdynamics

 North Sea Midstream Partners (NSMP) has announced the successful start-up of a new onshore electric-drive compressor at its Teesside Gas Processing Plant (TGPP). Delivered in partnership with INEOS and ONE-Dyas U.K. Limited, this improvement will substantially increase gas flows from the INEOS-operated Breagh field, securing domestic supplies for U.K. homes and businesses. As well as bolstering domestic energy security for years to come, provision of this onshore compression service will support a smooth and managed energy transition, providing a stable supply of energy while waiting for renewable energy sources to be integrated into the grid. Electric powered compressors have a much-reduced emissions footprint compared to the gas alternative. This means Breagh, located 65 km off the coast of England, in the Southern North Sea, and its associated export route to TGPP will continue to be among the North Sea’s lowest carbon intensity fields. Gas from the Breagh field is exported through the 110-km Breagh pipeline to TGPP – which is owned and operated by NSMP – where gas is processed and delivered into the National Transmission System (NTS). “This project is testament to what can be achieved when the energy industry collaborates, and I would like to thank INEOS for providing the opportunity for us to play our part in this major boost to the U.K.’s domestic gas supply," said Sayma Cox, CEO of NSMP. “The midstream sector is the backbone of the North Sea energy sector, providing a critical link in the energy supply chain by safely transporting and processing gas from the North Sea to heat homes and power the economy. Gas is also an enabler for energy transition, and this new electric compressor will ensure it can be extracted with as low a carbon intensity as possible, bolstering the U.K.’s energy security,” Cox added. The Breagh Compression Project was a collaborative effort involving a multi-company team, integrating personnel from INEOS, NSMP and px Group. NSMP owns nearly 600 km of gas pipelines in the North Sea capable of supplying up to a quarter of UK gas demand, making it the largest and most diversified gas transportation and processing system in the UK.  Located at Seal Sands, TGPP is at the heart of the Teesside integrated energy network and has among the highest liquid extraction rate capabilities in Europe, with two trains that process gas from the Central and Southern North Sea. TGPP is capable of meeting up to 10% of the UK’s gas demand, with a combined capacity of 675 MMcfg per day.

It’s no secret that renewable energy faces different levels of support around the world, but that only underscores the need for commitment to a sustainable future. Energy Vault’s recent project in New South Wales, Australia, with Enervest Group, demonstrates the impact we can achieve when we stay the course. As some regions face uncertainty, projects like Stoney Creek are crucial for setting the standard globally—enhancing grid stability, supporting local communities, and proving that reliable, clean energy is within reach. Let’s keep pushing forward in the U.S. and beyond to ensure a resilient future powered by renewables. #RenewableEnergy #EnergyStorage #GlobalGrowth