Available Power, a pure-play developer of investment-grade battery energy storage systems, and Linxon, a joint venture of SNC-Lavalin and Hitachi Energy, have formed a strategic partnership to scale the North American energy storage market. Linxon has already secured access to the necessary equipment supply to deliver on the first tranche of Available Power’s 1,000+ megawatt (1+ gigawatt) front-of-meter project pipeline in Texas’s ERCOT market territory.
As of December 2022, ERCOT had ~2.7 GW of installed battery capacity, meaning that Available Power’s pipeline alone represents a ~37% increase with its 1 GW of new planned capacity. An estimated 75% of the project pipeline comprises distribution-connected battery systems with an average size of 10 MW / 20 MWh each, making the portfolio one of the largest-ever battery fleets announced by a developer.
“This is an exciting milestone, not just for our strategic partnership, but also for grid modernisation and the energy transition in North America,” said Ben Gregory, President of Available Power. “Battery energy storage is transforming and strengthening how power grids operate. We’re proud to pair Available Power’s development experience with Linxon’s leading EPC credentials.”
“At Linxon, our mission is to support our customers in transitioning to a more sustainable world, based on our ability to turn concepts into reality and introducing newer technology and methodology. Our extensive experience in the energy sector and ambitious strategy to decarbonise energy systems are at the heart of our company to become a valued partner and driver of the energy transition,” added Nicolas Sanloup, President and Managing Director of Linxon Americas. “We focus on innovation, portfolio transition, and sustainability, which guides us in all our activities, and we see battery energy storage systems (BESS) as a key asset class. We are thrilled to partner with a company like Available Power whose team brings a needed blend of industry veterans and innovators, paired with best-in-class BESS development.”
As supply chain limitations have impacted the growth of the U.S. energy storage market, Linxon’s partnerships with key equipment suppliers and subcontractors place both Available Power and Linxon in a strong position to drive progress in 2023 and beyond.
Willkie Farr & Gallagher LLP served as legal advisor to Available Power in connection with this strategic partnership.
Source: https://linxon.com/
Image source: Courtesy of Linxon
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