NEWS
February 15, 2024
CISION PR Newswire | Plus Power Secures Nearly $100 Million Tax Equity Financing for Merchant Battery Storage Project in ERCOT
Plus Power announced the completion of approximately $98 million in tax equity investment for its 200 MW / 400 MWh Ebony Energy Storage facility in Comal County, Texas. The investment from Greenprint Capital Management, a market leader in structured, renewable energy tax credit partnerships, will help the project stabilize ERCOT’s power system during dynamic summer demand and cold winter storms while helping to integrate more renewable energy into the grid.
January 27, 2024
USA Today | This state is quickly becoming America's clean energy paradise. Here's how it's happening.
Hawaii pledged to be “Coal free by ’23,” and state law requires 100% clean energy in just 21 years. Attaining that goal came closer last month when an enormous 185-megawatt battery near Honolulu hummed into full operation.
January 07, 2024
The Maine Monitor | Maine’s first giant battery project set for construction in Gorham
Construction is set to begin this spring in Gorham on one of New England’s largest battery storage projects, a preview of similar ventures that are seen as a missing link for optimizing the region’s growing fleet of solar and wind power plants.
October 17, 2023
S&P Global | Plus Power secures landmark $1.8B for US battery stations as 'tidal wave' nears
Amid a challenging high interest-rate environment, the fast-growing Houston-headquartered company closed financings with major lenders and investors to bring online 1.04 GW/2.76 GWh of lithium-ion battery capacity before peak power demand returns to Texas and the Southwest next summer.
September 12, 2023
The Texas Tribune | As brutal heat tests Texas’ power grid, batteries play a small but growing role in keeping the lights on
On Wednesday night, minutes before the state’s grid operator went into emergency mode to make sure it would have enough power to meet high demand during another triple-digit day, batteries provided more electricity to Texas homes and businesses than ever before.
April 13, 2023
AZ Central | “SRP starts work on Arizona's largest standalone battery project in this metro Phoenix city”
SRP and Houston-based Plus Power, joined by officials from Avondale, held a ceremonial ground breaking at the previously announced battery facility Wednesday. The new Sierra Estrella energy storage facility will hold electricity produced during low-use periods and release it when demand is higher, helping to power more than 56,000 average-sized homes for a four-hour period.
January 25, 2023
S&P Global | “Supercharged: U.S. Energy Storage Reaches for Deeper Impact”
The U.S. energy storage industry has a powerful set of new tools in 2023 to help decarbonize the nation’s power grid. Plus Power COO Julie Blunden joined Garret Hering’s Supercharged virtual webinar to discuss the opportunities and the considerable challenges ahead for battery storage. “It will be a while before we have fully domestic batteries for energy storage—but that may not be the requirement.”
December 30, 2022
S&P Global | “'We're in a perpetual short': US energy storage CEOs face limits of growth”
Garrett Hering on a second great piece on the unprecedented volumes of battery storage” in development: “roughly 57 GW of large-scale energy storage resources are planned for connection to the U.S. grid between 2022 and 2025.” "Over the next three years, I think we're in a perpetual short," said Brandon Keefe, CEO of Houston-based developer Plus Power, which is offering its near-term excess battery cell orders to fellow developers short on supplies. "Those who already went out and procured supply are going to have successful projects and those who don't [have batteries] are going to have issues."
November 15, 2022
S&P Global | “US energy storage wave builds strength amid delays”
Garrett Hering on the coming wave of energy storage deployments, starting with Plus Power’s Kapolei Energy Storage facility in Hawaii and our 250-MW Sierra Estrella Energy Storage and 90-MW Superstition Energy Storage facilities for Salt River Project. The piece notes Plus Power having secured an excess of battery supply – 6.5 GWh—to serve our projects coming online through 2025 and more. "”The next year is going to be a game of musical chairs of those who have supply and those who don't," Keefe said. Plus Power is talking with fellow developers in need.”
August 18, 2021
Canary Media | “Hawaii building huge new battery, bidding farewell to coal”
Julian Spector describes the unique grid-forming and blackstart services of Plus Power’s planned 185 MW/ 565 MWh KES facility on Oahu, Hawaii, beyond its main role of absorbing abundant, low-cost renewable energy and shifting it to when energy is needed most. “Put simply, KES is a test case for how to switch from fossil fuels to clean energy without relying on gas power in a pinch.”
August 6, 2021
Forbes I “Plus Power: Charging Into New Storage Markets”
Peter Kelly-Detwiler on Plus Power’s data-driven strategies to deploy utility-scale stand alone energy storage across the U.S.
September 15, 2020