- Canadian Solar Inc. amasses two standalone energy storage projects from Black Mountain Energy Storage (BMES).
- Recurrent Energy plans to expand its energy portfolio in the ERCOT market and boost its storage.
Recurrent Energy, a subsidiary of Canadian Solar Inc., has announced the acquisition of two standalone energy storage projects from Black Mountain Energy Storage (BMES) in the Electric Reliability Council of Texas (ERCOT) market. The purchase aligns with Recurrent Energy’s aim to accelerate its business in the ERCOT market and boost its storage pipeline portfolio.
The projects, which are sited at the South Load Zone of the ERCOT market, claim a storage capacity of 200 megawatt-hours each. Recurrent Energy will be engaged in the next stage of developing the projects, finalizing entitlements and designs, selecting and procuring equipment, raising project financing, and constructing facilities.
The two projects are estimated to receive approval by 2023, while the operation is expected to commence in Q2 2024.