NEWS
November 25, 2024
CISION PR Newswire | Plus Power Battery Storage Project Wins Public Service Company of New Mexico Award
Today, Plus Power announced that its 150 MW / 600 MWh Corazon Energy Storage project was awarded a 20-year contract by Public Service Company of New Mexico (PNM), subject to regulatory approvals, in response to the utility’s 2026-2028 Generation Resources Request for Proposals. The RFP was issued in 2022 and sought projects that will help serve growing energy demand in New Mexico as it transitions to zero-carbon energy by 2045. PNM filed with the New Mexico Public Regulation Commission for approval of the project on Nov. 22, 2024.
June 13, 2024
CISION PR Newswire | First Major Standalone Battery Storage Project in ISO-NE Closes Financing
Today, Plus Power™ announced the close of construction and term financing for the first major utility-scale standalone battery storage system in construction on the New England grid, among other notable firsts for standalone storage in the region. The Cranberry Point facility, located in Carver, Massachusetts, will help stabilize the electric grid during the region’s increasing number of extreme weather events while helping to suppress volatile wholesale prices for ratepayers.
February 15, 2024
CISION PR Newswire | Plus Power Secures Nearly $100 Million Tax Equity Financing for Merchant Battery Storage Project in ERCOT
Plus Power announced the completion of approximately $98 million in tax equity investment for its 200 MW / 400 MWh Ebony Energy Storage facility in Comal County, Texas. The investment from Greenprint Capital Management, a market leader in structured, renewable energy tax credit partnerships, will help the project stabilize ERCOT’s power system during dynamic summer demand and cold winter storms while helping to integrate more renewable energy into the grid.
January 27, 2024
USA Today | This state is quickly becoming America's clean energy paradise. Here's how it's happening.
Hawaii pledged to be “Coal free by ’23,” and state law requires 100% clean energy in just 21 years. Attaining that goal came closer last month when an enormous 185-megawatt battery near Honolulu hummed into full operation.
January 07, 2024
The Maine Monitor | Maine’s first giant battery project set for construction in Gorham
Construction is set to begin this spring in Gorham on one of New England’s largest battery storage projects, a preview of similar ventures that are seen as a missing link for optimizing the region’s growing fleet of solar and wind power plants.
September 12, 2023
The Texas Tribune | As brutal heat tests Texas’ power grid, batteries play a small but growing role in keeping the lights on
On Wednesday night, minutes before the state’s grid operator went into emergency mode to make sure it would have enough power to meet high demand during another triple-digit day, batteries provided more electricity to Texas homes and businesses than ever before.
February 11, 2021
Green Tech Media | Plus Power Breaks Open New England Market for Massive Batteries
San Francisco-based developer Plus Power won two bids in the latest capacity auction held by the New England ISO, which operates the transmission grid and competitive power markets in six northeastern states. That means that these two battery plants offered a compelling enough price to edge out some fossil fuel plants for delivering power on demand.