Houston developer Broad Reach Power announced the purchase of six new standalone battery storage projects in Texas.
The projects would contribute over 900 MWh to the state’s grid. Construction is expected to begin this summer, with the projects becoming operational in 2023.
A spokesperson for Broad Reach said the six projects would be located in five Texas counties: Brazoria, Dickens, Hale, Houston and Pecos. The spokesperson added sites have been chosen and permitting has been finalized.
Chinese battery manufacturing giant Contemporary Amperex Technology (CATL) is supplying the lithium-ion battery systems for the projects. This is the second large transaction between the two companies. In 2021, Broad Reach installed 200 MWh of CATL battery equipment in its Bat Cave and North Fork projects, both now operating in Texas.
Broad Reach Power currently operates 17 energy storage projects across Texas. The company said it is actively developing, designing and building an additional 800 MW of transmission-level battery projects in ERCOT territory.
Additionally, Broad Reach has 6,000 MW of large battery projects in the ERCOT interconnection queue, according to its website. These projects represent an estimated $3 billion in investment potential, with some projects being constructed as early as 2022, the company said.
Overall, Broad Reach owns a 21 GW pipeline of utility-scale solar, wind and storage projects in states such as Montana, Wyoming, California, Utah, and Texas.
Broad Reach is backed by leading energy investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy.
This latest announcement marks the first major transaction for Broad Reach since Apollo acquired a 50% stake of the company in November 2021.
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