Equinor is setting a new benchmark in the US energy sector with its first foray into battery storage projects in Texas since acquiring East Point Energy. The Norwegian powerhouse is rolling out an impressive 110 MW/220 MWh across two key projects that promise to bolster the Electric Reliability Council of Texas markets.
🔋 The Citrus Flatts project in Cameron County holds an extensive 100-MW/200-MWh capacity and is poised for construction this year. Anticipated to light up commercially by early 2026, the project is a strategic acquisition from Black Mountain Energy Storage, seamlessly connecting to the AEP Texas system.
🏗️ In Frio County, the smaller yet significant 10-MW/20-MWh Sunset Ridge project is already on the move, with operations expected to begin in 2023. This project will energize through the South Texas Electric Cooperative network, adding another nod to Equinor's commitment to diversification and robust infrastructure.
🌱 With an envisioned 4% to 8% return range on renewables, Equinor and its trading arm, Danske Commodities, are set to commercialize these ventures, aiming for high-yielding project returns. Their grand vision for a 3 GW battery storage project pipeline across the US is testament to their forward-thinking strategy.
💡 Christian Lie Hansen of Equinor underscores this momentum, advocating for a strong, scalable battery storage portfolio built upon East Point's capabilities and synergistic benefits with Danske Commodities.
As the Texan landscape watches a burgeoning growth in battery storage, with ERCOT already ingrained with 6,300 MW of capacity as of April 2024, Equinor's Citrus Flatts and Sunset Ridge stand as pioneering projects charting new territories in energy solutions.
Thinking about the future of renewable energy and how it impacts our grid - How do you envision the role of battery storage in energy reliability and sustainability?
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