GlidePath Power Solutions LLC has completed design, equipment procurement, financing and begun construction of the 50 MW Byrd Ranch Storage Project in Sweeny, Texas.
Byrd Ranch is expected to be completed this summer so that it can provide critical grid support to the Electric Reliability Council of Texas (ERCOT) during periods of expected grid stress and volatility. The project will optimize power delivery and reliability through AI-driven algorithms. The energy storage will have the ability to participate in multiple services markets and revenue streams and provide instant support to ERCOT.
The project has a footprint of 2.5 acres. Initial estimates found that Byrd Ranch could generate US$500,000 per year in property taxes that would support local schools and services.
NextEnergy Capital (NEC), has reached the final close for its NextPower III ESG (NPIII ESG), bringing the total capital raised to US$896 million, including an SMA. Including co-investments closed to d...
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