Ørsted will use its capital to secure and maintain interconnection queue positions for the four projects. (Source: Shutterstock)
Denmark-based Ørsted has partnered with Wafra-backed Mission Clean Energy to advance four battery energy storage projects with a combined capacity of 1 gigawatt (GW) across the midwestern U.S.
The initiative marks Ørsted’s first standalone battery storage partnership in the U.S. and globally, the company said Aug. 8 in a news release.
“Continuing to invest in and build out storage solutions is critical for ensuring a resilient and reliable grid, and this partnership with Mission advances this important goal,” said James Giamarino, chief commercial officer for Ørsted.
Mission Clean Energy will lead development of the projects, while Ørsted will use its capital to secure and maintain interconnection queue positions for the four projects, according to a news release. Interconnection for the projects, which will be owned by Mission with an option for Ørsted to acquire an ownership stake, have been submitted in Mid-Continent Independent System Operator (MISO) Central and North.
Use of battery energy storage systems is expected to continue rising, alongside renewable energy, to improve the reliability of electricity grids in the U.S. Earlier this year, the U.S. Energy Information Administration (EIA) forecasted battery storage capacity in the U.S. would set a record in this year. Battery storage capacity is expected to nearly double if companies’ plans to add 14.3 GW of battery storage to the existing 15.5 GW are fulfilled, the EIA said in February.
“The partnership with Ørsted marks a significant milestone for Mission Clean Energy,” said Mission Clean Energy CEO Max Bakker. “Ørsted is an ideal partner to complement our development capabilities with their balance sheet strength and sponsorship support. Our combined expertise and resources will accelerate these projects and deliver impactful clean energy solutions in the MISO region.”
Mission Clean Energy said it has a more than 11-GW pipeline of solar and energy storage projects across the U.S.
Ørsted is developing about 3 GW of offshore wind capacity. Its more than 5 GW of onshore clean energy assets in the U.S. includes a 40-megawatt (MW) storage project at the Permian Solar Center in West Texas and a 300-MW storage project at Eleven Mile Solar Center in Arizona.
Recommended Reading
Marketed: Wellbore Capital 10 Well Package Marcellus Opportunity
2024-09-12 - Wellbore Capital LLC has retained EnergyNet for the sale of a Marcellus Shale Opportunity 10 well package in Marion and Wetzel counties, West Virginia.
Glenfarne: Latest Customer Means Texas LNG is Ready for FID
2024-09-12 - Construction on Glenfarne’s Texas LNG is scheduled to begin this year, though the project is one of two LNG sites that had permits pulled after a court ruling in August.
Solaris Completes Acquisition of Mobile Energy Rentals
2024-09-12 - With the acquisition of Mobile Energy Rentals complete, Solaris now has access to multiple end markets outside of the oil patch.
Northampton Affiliate to Partially Acquire Altius Renewables
2024-09-12 - An affiliate of Northampton Capital Partners will acquire all of Altius Renewable Royalties’ outstanding common shares for total consideration of approximately CA$162 million (US$120 million).
Transocean Scores $232MM Contract for Deepwater Atlas
2024-09-11 - Transocean’s newest $232 million ultra-deepwater contract follows the company’s $123 million contract for six wells offshore India by Reliance Industries.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.