Adapture Renewables, Inc., a utility-scale solar and energy storage project developer, owner and operator, has officially announced commercial operation of two battery energy storage system (BESS) projects in Texas.
According to certain reports, this particular development will kickstart the company’s energy storage portfolio. More on the same would reveal how, to operate the systems, Adapture has roped in the expertise of Ascend Analytics. Alongside the latter’s expertise, though, Adapture will also leverage its SmartBidder™ solution to maximize asset performance.
As for makes Ascend an ideal partner, the answer resides in its track-record of providing market intelligence and analytics solutions for the power industry. The company’s offerings, at present, are focused on making it possible for decision makers in power supply, procurement, and investment markets to plan, operate, monetize, and manage risk for renewable energy and storage assets. From real-time to 30-year horizons, the company’s forecasts and insights support over $50 billion in project financing assessments.
Anyway, contextualizing the significance of such a development is one predication made by Texas’ primary grid operator i.e. ERCOT. In case you weren’t aware, ERCOT expects the state’s energy needs to shoot up in excess of 20% by 2030, and therefore, mark an unprecedented acceleration of demand growth that will increasingly necessitate support from energy storage.
Against that, located in Collin County and Kimble County, Texas, the Adapture projects arrive on the scene bearing a collective capacity to store and dispatch nearly 50 MWh. This involves supporting the grid with sufficient power to provide upto one hour worth of electricity for 67,000 homes.
“We are proud to mark the commercial operation of the first battery storage projects in our growing portfolio, part of our commitment to accelerating the global transition to clean energy,” said Thomas Houghton, President and Chief Executive Officer of Adapture Renewables. “With these projects, Adapture Renewables is bringing its proven track record of success, strong financial backing and deep in-house expertise to the energy storage sector. We’re pleased to be collaborating with leading partners like Ascend Analytics and Stella Energy Solutions, who share our vision for delivering and operating reliable clean energy projects.”
Already providing energy to the grid, these projects are likely to be joined by a third project in Galveston County, Texas. Going by the available details, the third one should become online in the fall, and once it does, it will bolster Adapture’s portfolio by 33% to 74 MWh.
For better understanding, the company owns, operates, and has under construction 815 Mega Watts peak (MWp) of solar projects in twelve states across the United States.
Among other things, it ought to be acknowledged that Adapture Renewables acquired all three BESS projects from Stella Energy Solutions, a leading utility-scale clean energy platform that builds energy storage and solar infrastructure. You see, the two companies collaborated on the design and development of the facilities. Stella Energy Solutions, in particular, would lead the construction activities.
“Adapture Renewables has a distinguished track record of advancing renewable projects and its expansion into battery storage marks an important step forward in its mission of accelerating the global transition to clean energy,” said Gary Dorris, Chief Executive Officer of Ascend Analytics. “Driven by growing load and renewables’ increasing contribution to the supply mix, ERCOT’s evolving power market dynamics underscore the importance of battery storage in Texas and we are proud to partner with Adapture Renewables in driving these projects’ performance and stabilizing contributions to the grid.”
