Energy Capital & Power is proud to once again work together with the TXACC to unite African and American investors, public institutions and companies to promote bilateral trade
The Texas Africa Chamber of Commerce (TXACC) has been confirmed as a strategic partner of the South Sudan Oil & Power (SSOP) 2023 Conference and Exhibition, where the international business body’s Executive President, Posso Ganame, will participate as a speaker, driving collaboration between U.S. and African companies and investors.
The TXACC links African oil and gas, energy storage and renewable development projects with American investors and technologies, facilitating new partnerships that drive long-term policy formation. Moreover, the TXACC will reach out to Texas-based companies to spur the participation of a U.S.-based delegation at this year’s event.
“Energy Capital & Power is proud to once again work together with the TXACC to unite African and American investors, public institutions and companies to promote bilateral trade and investment,” states Energy Capital & Power Senior Director, James Chester, adding, “Their attendance at this year’s conference will extend the longstanding legacy of U.S. participation in African energy development.”
The partnership follows South Sudan’s Minister of Petroleum, H.E. Puot Kang Chol’s, visit to Houston in September 2022, where he discussed opportunities for economic development, oil and natural gas extraction, and innovative power distribution systems in the East African country.
Organized in official partnership with South Sudan’s Ministry of Petroleum, SSOP 2023 will be held under the theme, ‘The Engine of East African Growth’, and will demonstrate the country’s role as a key player in the development of African energy. Taking place in Juba from 14-16 June 2023, the sixth edition of SSOP will deliver new deals, new investments and new relationships with global industry leaders while fostering development across the entire energy value chain.
Africa Oil & Power (AOP) () is the African continent’s leading investment platform for the oil, power and energy sector. Through a series of events, online news, interviews, webinars and investment reports, AOP unites the entire energy value chain – from oil…
Multinational utility and IPP RWE has completed three co-located battery energy storage system (BESS) projects in the US, totalling 190MW/360MWh, with another 2GWh-plus under construction.
The firm announced the completion of two projects in Texas and one in Arizona yesterday (14 February), as well as a 770MW/2,280MWh pipeline of additional US projects under construction.
All three are co-located with solar PV projects. Bright Arrow is a 100MW/200MWh BESS and 300MWac PV project in Sulphur Springs, while Big Star is an 80MW/120MWh system paired with a 200MW PV project in Bastrop County, both in Texas. In Arizona, it has brought online the 10/40MWh BESS, 52.5MWac PV Mesquite 4 project.
The Texas BESS projects will participate in the state’s electricity market, operated by ERCOT, while the PV output will be provided to specific companies (utility NRG Energy for Bright Arrow and an undisclosed company for Big Star).
ERCOT is the most active US state for BESS deployments along with California, though could overtake the latter’s roughly 7GW of grid-scale BESS when it hits 9.5GW in October this year (ERCOT’s own forecast). Projects are capitalising on a substantial ancillary service market as well as wholesale energy trading opportunities.
In Arizona, the market has been driven by long-term power purchase agreements (PPAs) or ‘tolling agreements’ where all of a BESS project’s offtake will be secured by a utility on a 10 or 15-year basis. This means projects there are mostly at the larger scale, including a 1GWh system on which Strata Clean Energy started construction last month.
"Battery storage is growing even more critical to enable the rapid deployment of wind and solar projects, help stabilize the U.S. power grid and better ensure that enough electric supply is available to meet demand," said Andrew Flanagan, CEO of RWE Clean Energy, the firm’s US renewables arm.
Writing an article for the upcoming edition (38) ofPV Tech Power, Solar Media''s quarterly journal for the downstream solar and storage industries, RWE Clean Energy’s director of BESS project design Swetha Sundaram detailed how the industry has bounced back after the challenges of 2022.
On a short-term basis this has been driven by BESS prices falling back down to expected trajectories while at the macro level, the Inflation Reduction Act (IRA) and a growing familiarity with its provisions has been the major contributing factor.
Supply chain issues around balance of plant (BOP) equipment are still a major challenge, which Sundaram detailed in the article as well as the latest on grid-interconnection wait times.
Planning is now the name of the game for building projects, Sundaram said: “The BESS market landscape is more competitive than ever. To build projects economically and achieve the target COD, developers need to plan to procure equipment smartly, forge strategic partnerships to secure production volumes for battery systems and take into consideration domestic manufacturing, although it remains to be seen how much of the touted domestic manufacturing will take shape in time to feed the enormous North American battery market.”
Energy-Storage.news'' publisher Solar Media will host the 5th Energy Storage Summit USA, 19-20 March 2024 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.
Norwegian oil and gas firm Equinor has launched its first US BESS projects via the 2022 acquisition of East Point Energy, with its trading arm Danske Commodities charged with ensuring project returns.
Equinor has given the go-ahead for East Point Energy to build two battery energy storage system (BESS) projects in the ERCOT, Texas market, its first since buying the developer-operator in June 2022.
The two projects are the 10MW/20MWh Sunset Ridge BESS in Frio County, near San Antonio, and the 110MW/200MWh Citrus Flatts BESS in Cameron County, on the border with Mexico in the southwest.
Construction has already started on Sunset Ridge and will connect to the distribution network of non-profit utility South Texas Electric Cooperative (STEC) in the second half of 2024. Citrus Flatts meanwhile is expected to reach commercial operations on the network of American Electric Power (AEP) in early 2026.
Both will operate on a fully merchant basis with Equinor’s trading arm Danske Commodities providing optimisation services, meaning it will take charge of the BESS’ activity in the electricity market. Real base project returns are expected to be at the higher end of its guided range for renewables of 4-8%.
BESS projects in the ERCOT market typically operate on a merchant basis – without long-term contracted revenues – thanks to its highly lucrative ancillary service and energy trading opportunities. BESS earned more than US$3,000 per MW per day during Storm Heather in January thanks to over-forecast energy demand, according to market intelligence firm Modo Energy.
Some tolling options have started to emerge however, whereby trading and optimisation firms will pay project owners a fixed fee to play a BESS into the market – effectively renting the BESS from the owner, guaranteeing them a minimum income. Some developers have cited this as a major boost to deployments, like Available Power’s president, Ben Gregory, in an interview at the Energy Storage Summit USA last month (Premium access).
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