Oil Companies. Renewable Energy. Battery Storage.
2019 has already seen petroleum and power giants investing heavily or outright acquiring residential battery storage & EV infrastructure companies and now the world's biggest battery is quietly being planned in one of the world's largest oil patches.
Set for 2021, a 495MW storage system will be built in tandem with a solar farm of the same size in Borden County, Texas - the heart of the Permian Basin.
Recent battery-backed solar projects have, at most, 100MW of solar and 30MW of storage - this would be about fives that!
Texas’s power grid operator has stressed the need for more electricity resources in the region to power oil and gas drilling operations and this project underscores how Big Oil’s demand for power in the fossil fuels-rich Permian Basin of Texas and New Mexico is actually boosting the case for renewable energy and energy storage.
The Electric Reliability Council of Texas (ERCOT), which operates most of the state’s grid, detailed that the state’s battery storage will surge more than sixfold when the projects are completed.
We are currently supporting a number of utility scale energy storage developers who are building standalone and co-located battery projects across the United States. We have recently completed searches for a Chief Commercial Officer, Asset Management Directors, Project Development Managers and both commercial & technical Analysts - feel free to get in touch to discuss this fascinating and rapidly evolving market.
IP Juno, a unit of San Francisco-based Intersect Power LLC, outlined plans to build a 400-megawatt solar facility by the second quarter of 2021 in Borden County, according to an application concerning its state property taxes. Intersect Power didn’t return calls and emails for comment. Borden County, with a population of less than 700, is located within the oil-rich Permian Basin, is about 70 miles (110 kilometers) south of Lubbock.