Dive Brief:
Acciona Energía, a Spanish energy company, has signed an agreement with Qcells, a subsidiary of South Korean industrial group Hanwha Corp., to acquire the largest battery energy storage system project in Texas. Terms of the deal were not disclosed.
In addition to the 190MW/380MWh Cunningham project, which is scheduled to be commissioned in the first quarter of 2023, the deal includes the acquisition of a portfolio of more than 1GW/2GWh of BESS projects in development.
Acciona said the battery energy storage systems help reinforce grid stability and improve energy security, “offering a solution to unforeseen or exceptional situations such as Winter Storm Uri,” which devastated the Texas grid in 2021 and led to 246 deaths.
Dive Insight:
The standalone battery storage facilities in the deal will supply power and…