The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

FlexGen to deliver 100MW ERCOT portfolio for SMT Energy/Susi Partners

LinkedIn
Twitter
Reddit
Facebook
Email

System integrator FlexGen will provide energy storage systems and optimisation software for a 100MW portfolio in Texas recently acquired by investment fund manager SUSI Partners from SMT Energy.

The 10 projects will come online from spring through fall of 2023 and will have 10MW of power and 9.95MWh of energy storage capacity each.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

FlexGen said the units, which have a duration of just under an hour, will be certified to all four ERCOT checklists to provide the full range of ancillary services to Texas’ ERCOT market.

A press release announcing FlexGen’s involvement described the projects as belonging to developer SMT Energy. As Energy-Storage.news reported last week, SMT Energy entered into a partnership with infrastructure investment fund manager SUSI Partners to work on a 100MW ERCOT portfolio, marking Switzerland-headquartered SUSI’s first front-of-meter large-scale battery storage acquisition in the US.

A FlexGen spokesperson confirmed to Energy-Storage.news that it is the same portfolio, which SMT and SUSI will jointly own and operate, with the pair intending the carry the relationship into other projects.

FlexGen said the projects will improve the resilience of the ERCOT grid, enable integration of renewable energies and improve the ability of the grid to balance load and supply. Combined with its short duration, this indicates the projects may be largely focused on providing ancillary services. Most recently announced projects in the state have been between one and two hours.

A recent flurry of project development sales in ERCOT by Black Mountain Energy Storage have mostly been for two-hour system while gravity-based storage solution company Energy Vault’s first conventional battery project is a 100MW/200MWh system in Texas. In June, projects brought online by Jupiter Power, acquired by Canadian Solar subsidiary Recurrent Energy, and funded by US development bank NADBank were all two-hour systems.

Alongside being one of the world’s largest battery storage system integrators by MW deployed and in the pipeline, FlexGen is known for its HybridOS energy management system platform, which delivers the full stack of energy storage value, including ancillary services, capacity, and energy market.

Law firm Squire Patton Boggs advised the system integrator on its deal to deliver the ten projects.

22 May 2024
London, UK
At the time of writing, Europe had had its most successful year in terms of Power Purchase Agreements (PPAs) with a record 7.8GW of renewable energy contracts signed. As we gather in May 2024 for the third edition of the Renewable Energy Revenues Summit, the energy landscape continues to evolve rapidly, influenced by the beating drum of climate change, volatility around power prices and the need to decarbonise power procurement as well as generation.
22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

April 24, 2024
The New York City Industrial Development Agency (NYCIDA) has approved five BESS projects while governor Kathy Hochul has announced groundbreaking on a sixth, all in all totalling around 42.5MW of capacity.
Premium
April 23, 2024
The energy storage arm of Canadian Solar said the technology ‘has more complexity than solar’ when it comes to nearshoring manufacturing away from China, and local cell manufacturing could be part of the long-term strategy to leverage domestic content incentives.
Premium
April 23, 2024
Energy-Storage.news Premium speaks with Michael Phelan, CEO of energy management solutions provider GridBeyond, following €52 million Series C funding round.
April 19, 2024
System integrator Flexgen has partnered with IPP Arclight and its subsidiary Infinigen Renewables to deploy a PV co-located 15MW BESS project in Puerto Rico.
Premium
April 18, 2024
The CFO of Goldman Sachs-backed US battery storage developer-operator GridStor discussed its recent investment tax credit (ITC) transfer deal for a California BESS project, highlighting some downsides as well as positives from the new mechanism.

Most Popular

Email Newsletter