1. The company has been a first mover in markets like ERCOT, New York ISO, and MISO in developing large-scale BESS projects.
2. Co-founder Jeff Bishop’s outspoken views and commitment to diversity have raised the company’s profile.
3. The new CEO, Brian Hayes, plans to continue owning and operating BESS assets while diversifying and spreading risk across a balanced portfolio in different markets.
Key Capture Energy (KCE) is a pioneering company in the large-scale Battery Energy Storage System (BESS) development market, establishing itself as a first mover in markets like ERCOT in Texas, New York ISO, and more recently MISO in the Midwest. Co-founder Jeff Bishop, known for his outspoken views, stepped down as CEO last year after eight years at the helm, leaving longtime friend and colleague Brian Hayes to take over.
Hayes, coming from a background in renewables, saw the potential impact of the storage industry and was drawn to KCE’s innovative approach to the market. The company focuses on owning and operating its BESS assets, backed by financial support from SK. With a diverse portfolio across different markets, KCE aims to spread risk and capitalize on various revenue opportunities in each region.
As the industry matures and financing options expand, KCE remains focused on developing its pipeline of projects, with a total of 9,000MW of assets in different stages. The company’s strategy includes being a first mover in emerging markets, like New York, and leveraging its expertise in established markets like ERCOT. Hayes emphasizes the importance of diversification and flexibility in navigating the evolving landscape of the storage industry.