1. Equinor approves first two US battery storage projects post-acquisition of East Point Energy in 2022, totaling 110 MW capacity
2. Sunset Ridge Energy Center in Frio County and Citrus Flatts project in Cameron County to provide energy security for Texas grid
3. Projects to be operated on a merchant basis in ERCOT power market, strengthening grid resiliency and improving affordability for ratepayers
Equinor, an energy company focusing on growth renewables, has approved its first two US battery storage projects after acquiring East Point Energy. These projects, with a combined capacity of 110 MW, will enhance energy security for the Texas grid. Sunset Ridge Energy Center in Frio County and Citrus Flatts project in Cameron County are the two approved projects. Sunset Ridge, connected to STEC’s distribution network, will have a capacity of 10 MW/20 MWh and is expected to be operational by 2H24. Citrus Flatts, connected to American Electric Power, will have a capacity of 100 MW/200 MWh and aims for commercial operations by early 2026. These projects will operate on a fully merchant basis in Texas’ ERCOT power market.
East Point Energy, a subsidiary of Equinor, is focused on developing and operating energy storage projects in the US. Battery Energy Storage Systems (BESS) play a crucial role in the energy transition by storing surplus power generated from renewable sources. Equinor aims to build a diversified battery storage portfolio by leveraging East Point Energy’s capabilities. These projects aim to improve grid resiliency and affordability for ratepayers. The company plans to capitalize on the increasing demand for energy in Texas and support the transition to a more renewable grid.
Overall, the approved battery storage projects by Equinor in Texas are expected to contribute towards a more renewable, resilient, and affordable grid for the local communities and the ERCOT market. The company aims to scale its battery storage operations in the US and align with its market-driven power producer strategy.