SUSI and SMT started their JV in the summer of 2022, with the partnership constructing, commissioning, and operating a 100 MW South Texas BESS portfolio since. The recently agreed expansion of the partnership comes on the back of recent successes, with the seed portfolio entering commercial operations, and the two parties securing tax equity for said portfolio. All additional assets are expected to start construction in early 2024 with commercial operations expected to commence between late 2024 and 1H25.
The Texas ERCOT electricity market in recent times experienced record-high load levels amid extreme summer temperatures and continuous population and economic growth – all trends that are not expected to subside and will continue to drive elevated volatility. With intermittent renewable energy generation playing an increasingly important role in meeting energy demand in the state, and the ageing thermal generation fleet increasingly prone to production disruptions, BESS have emerged as one of the most cost-effective dispatchable generation solutions in dealing with spiking power demand and electricity prices.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Autumn 2023 issue
The Autumn 2023 issue of Energy Global hosts an array of technical articles focusing on green hydrogen, wind installation technology, blade monitoring solutions, and more. This issue also features a regional report looking at some key renewables projects in Australia.
