Xcel Energy targets 600MW of energy storage in Midwest US

February 7, 2024
LinkedIn
Twitter
Reddit
Facebook
Email

US utility Xcel Energy has revealed energy deployment plans for the Upper Midwest region, including 3.6GW of renewables and 600MW of energy storage by 2030.

While the utility did not specify where the projects would be built, or how the new capacity would be split between solar and wind projects, it noted that the initiative would reduce the company’s carbon emissions by 80-88% by 2030.

A core component of the plan is the extension of work at the company’s two nuclear plants in Minnesota, the Monticello and Prairie Island plants, which have a combined capacity of 1.7GW.

The firm’s Upper Midwest region encompasses Minnesota, Wisconsin, North Dakota, South Dakota and Michigan.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The use of renewable power, BESS and nuclear will also enable the utility to contribute to Minnesota’s plans to meet 100% of its energy demand with what the state government calls “clean electricity” by 2040.

While the reliance on nuclear power alongside renewables, as opposed to investing exclusively in renewable power, has led to some criticism – including Xcel being fined US$14,000 last year by Minnesota regulators relating to leaks of radioactive tritium from the Monticello plant – the utility’s leadership is optimistic about Xcel’s direction amid the Minnesota energy transition.

Energy-Storage.news readers may know Xcel Energy for its relatively bullish approach to procuring novel, non-lithium long-duration energy storage (LDES) technologies. It is deploying two 100-hour duration 1GWh projects using Form Energy’s iron-air battery in Minnesota and Colorado, as well as a 300kWh pilot system using Ambri’s liquid metal battery.

See the full version of this article on PV Tech.

Energy-Storage.news’ publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

24 March 2026
Dallas, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2026!
15 September 2026
San Diego, USA
You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

March 5, 2026
Developer Avantus has closed a financing package of over US$300 million for the 100MWac/130MWdc solar, 400MWh BESS Kitt Solar and Energy Storage Project in Pinal County, Arizona, US.
Premium
March 5, 2026
Energy-Storage.news Premium speaks with Claire McConnell, VP business development for Redwood Materials’ energy storage business, Redwood Energy, about its recent backing from Google and Nvidia, and what it has planned next.
March 5, 2026
From Texas, US, Bimergen Energy has acquired eight BESS projects totalling 79.2MW. Meanwhile, Habitat Energy announced its first US co-located solar-plus-storage partnership with Birch Creek.
Premium
March 5, 2026
In this second part of our interview with Wood Mackenzie energy storage analysts, we look at risk factors and mitigation across the European and US markets.
March 4, 2026
Utility-scale battery storage developer Jupiter Power’s 700MW/2,800MWh Trimount battery energy storage system (BESS) in Everett, Massachusetts, US, has been approved by state officials.