Recurrent acquires 400 MWh of battery storage under development in Texas

Recurrent Energy acquired two battery storage systems that are currently under development in Texas. (Courtesy: Recurrent)

Recurrent Energy has two separate battery storage systems in Texas under development.

The projects, which will provide 400 MWh storage, are located in ERCOT’s South Zone. Recurrent purchased the projects from Houston-based developer Black Mountain Energy Storage.

The transactions were executed through the LevelTen Asset Marketplace.

“We ought to see pronounced volatility at these nodes for years to come, and these batteries will not only capture significant value but provide resiliency in a sparse region of ERCOT’s transmission network,” said Witt Duncan, Black Mountain’s director of corporate development.

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Duncan stated that Black Mountain has 3 GW of ERCOT-sited battery storage projects.

Canadian Solar’s wholly owned subsidiary Recurrent has developed 2.9GWh of energy storage systems that are currently in construction or operating. There is also an additional pipeline of 15.5GWh of projects in the early to mid-stage of development.