Energy Storage News•8 days ago
GridStor executes tolling agreement for Texas BESS, CPS Energy launches 500MW BESS RFP
Key Takeaway
The Texas energy market is seeing accelerated development and contracting opportunities for large-scale battery energy storage systems, driven by both IPPs and utilities.
AI Summary
- •GridStor has executed a tolling agreement for a new Battery Energy Storage System (BESS) project in Texas, signaling progress in project financing and revenue certainty for developers.
- •CPS Energy has launched a Request for Proposals (RFP) for a substantial 500MW BESS, presenting a significant development opportunity for IPPs and technology providers in the Texas market.
- •These announcements highlight accelerated deployment and contracting activity for utility-scale energy storage within the ERCOT region, indicating strong market demand and potential impacts on grid stability and future energy pricing.
Topics
ercotfinancingppastorage