The utility alleged that ERCOT “ran up $20 billion in charges” for five days of energy supply due to its “lack of oversight, preparedness, and failure to follow its own protocols.”
The 100 MW battery storage system would provide black start and balancing services for a volatile node within ERCOT.
The company initially financed the Rippey Solar project and now has acquired it, expanding its Lone Star State solar portfolio to 95 MW.
Going it alone with the ERCOT market as currently structured and regulated has been tested and found inadequate, writes a former state utility regulator. “Texas should not waste this crisis.”
The ERCOT market has served Texans well, producing low energy costs and the nation’s leading market for renewable energy. This same system also failed the state’s residents and businesses spectacularly in a moment of great need.
Grid planning fails to consider extreme climate scenarios that a resilient grid needs to handle, said EPRI’s president and CEO. “Traditional planning processes do not represent how resources actually perform under extreme conditions.”
Data firm Lium concluded that ERCOT “probably needed at least another 17 GW of generation” to meet demand as cold winter weather settled in over the state.
For many Texans, this week’s blackouts seem a lot like a 2011 winter storm that was supposed to have ushered in a host of reforms.
Belltown said it is currently working to sell another 870 MW of projects, all of which are expected to close in the first half of this year.
The French energy giant acquired a development pipeline of 2.2 GW of solar and 600 MW of co-located storage assets.
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