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OCI and LG MOU signing ceremony

OCI Energy signs MOU for Texas BESS, Ormat signs US$62 million tax equity

May 29, 2025
News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.
OCI Energy and CPS Energy group photo

Texas utility enters tolling agreement with OCI Energy for 120MW/480MWh BESS

December 11, 2024
San Antonio, Texas utility CPS Energy and developer OCI Energy entered into a long-term storage capacity agreement (SCA) for a 120MW/480MWh battery energy storage system (BESS) 6 December.

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