S'abonner

OCI Energy, CPS Energy and LG Vertech unite for 120 MW storage project in Texas

OCI Energy, CPS Energy and LG Energy Solution Vertech signed a memorandum of understanding to develop a 480 MWh energy storage facility in San Antonio, aiming to strengthen Texas's ERCOT grid.

Share:

Texas-based energy developer OCI Energy LLC signed a memorandum of understanding with public utility CPS Energy and LG Energy Solution’s U.S. storage division, LG Energy Solution Vertech. The agreement concerns the Alamo City Battery Energy Storage System (Alamo City BESS), a 120 MW / 480 MWh infrastructure currently under development in Bexar County, Texas.

A strategic project for the ERCOT grid

The project is designed to support the Electric Reliability Council of Texas (ERCOT) grid, particularly during peak demand periods. It aligns with the state’s broader efforts to enhance energy storage capacity. Under the terms of the agreement, LG Energy Solution Vertech will supply lithium-ion battery systems along with software and energy management solutions.

OCI Energy will handle all aspects of project development, financing, construction, operation and maintenance. CPS Energy, the primary energy provider for San Antonio, is expected to sign a capacity purchase agreement with OCI Energy to leverage the storage services provided by the system.

A transpacific industrial partnership

The collaboration was formally announced during a ceremony held in Seoul, South Korea, where the parent companies of OCI Energy and LG Energy Solution are headquartered. The project is expected to reach commercial operation in 2027 following the execution of contractual agreements.

Sabah Bayatli, President of OCI Energy, stated that the partnership would “deliver critical energy infrastructure” to improve grid reliability and support local economic growth. Jaehong Park, President and CEO of LG Energy Solution Vertech, described the project as “a key milestone for stabilising the Texas grid.”

Rudy D. Garza, President and CEO of CPS Energy, highlighted the project’s role within the “Vision 2027” strategy to meet the region’s rapid growth in energy demand.

  • Populaires ​
The European Commission commits EUR202mn to the IFMIF-DONES fusion accelerator
Envision inaugurates the world’s largest green ammonia plant in China
Turkey plans to start gas supplies to Syria soon, says energy minister
Masdar and Iberdrola invest €5.2bn in UK offshore wind
Rio Tinto: five strategic priorities to close a 40% valuation discount
Global battery storage market to reach $143bn by 2031
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
Germany: Grid fees reform threatens growth of energy storage
A potential removal of grid fees exemption for battery storage systems is raising concerns among players in Germany's energy sector, fearing negative impacts on investment and the development of this key infrastructure.
Recurrent Energy launches 1,200 MWh storage project in Arizona
Canadian Solar's subsidiary commissions the Papago Storage facility, supplying electricity to Arizona Public Service to meet high summer demand, thus strengthening local energy capacity with a total potential of 1,800 MWh.
EDF Power Solutions wins major energy storage contract in Japan
EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.
Atmos Renewables finances major energy storage project in Australia
Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Eos Energy secures additional $22.7mn to strengthen US production capacity
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
Global investments of $1.2 trillion needed for energy storage by 2034
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
HyperStrong and Repono launch 1.4 GWh of energy storage in Europe by 2027
Chinese company HyperStrong and Swedish firm Repono AB announce a strategic agreement to jointly implement large-scale energy storage projects totalling 1.4 GWh in Europe by the end of 2027.
Globeleq closes $300 million financing for landmark project
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.
Matrix Renewables signs 22 MW energy storage contract in California
Matrix Renewables and Pioneer Community Energy have signed an energy capacity contract for a 22 MW battery storage project in Kern County, operational from early 2026.
Ignitis begins construction of three energy storage parks in Lithuania
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
Alinta Energy launches construction of the first Reeves Plains Energy Hub battery in Australia
Alinta Energy has appointed GenusPlus Group to build the first phase of the Reeves Plains Energy Hub Battery, a high-capacity storage facility designed to support grid stability in South Australia.
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
A partnership between Indonesia Battery and Contemporary Amperex Technology aims to launch a lithium-ion battery plant in Indonesia by the end of 2026, with a 6.9 gigawatt-hour capacity and planned expansion.
State Grid completes energy storage compartment at Tongli substation in Wuzhong
State Grid Wuzhong Power Supply Company announces the completion of the energy storage compartment at Tongli substation, a key step for the upcoming integration of a 300 MW shared storage power plant in Ningxia.
Globeleq launches South Africa’s largest energy storage facility
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Global microgrid market to reach 191 billion dollars by 2033
Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.
Energy storage: Historic growth in the United States despite regulatory uncertainty
The U.S. energy storage market set a historic record in early 2025, surpassing 2 GW installed in the first quarter despite increasing uncertainty regarding federal fiscal policies and tax credits.
Morocco: COBCO Starts Production of Materials for Electric Vehicle Batteries
The Sino-Moroccan joint venture COBCO has begun manufacturing essential lithium-ion battery components at its Jorf Lasfar plant, targeting a final annual capacity of 70 GWh, enough to equip one million electric vehicles.
Trianel deploys 900 MW battery to bolster German grid flexibility
Trianel teams with BKW and Luxcara to build a 900 MW lithium-iron-phosphate storage park in Waltrop, the first phase of a complex that could reach 1.5 GW and stabilise the German grid.
Blue Whale Energy installs 8 MWh of sodium-ion batteries on Southeast Asian urban rooftops
Blue Whale Energy partners with UNIGRID to deploy behind-the-meter storage systems adapted to constrained commercial and industrial urban areas in Southeast Asia.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING