NEWS
June 24, 2024
SRP | “Two New Batteries on SRP’s Grid will Advance Reliable and Sustainable Power for SRP Customers”
Salt River Project (SRP) and Plus Power today celebrated two new grid-charged battery storage systems, Sierra Estrella Energy Storage and Superstition Energy Storage. Together, these facilities will add 340 megawatts (MW) / 1,360 megawatt-hours (MWh) of additional battery storage capacity to SRP’s system – enough to power 76,000 residential homes for a four-hour period. The batteries will absorb excess energy when customer demand is lower and store it for use during times of peak demand.
May 1, 2024
CISION PR Newswire | “Plus Power Secures Additional $82 Million of Tax Equity for Battery Storage Projects”
Plus Power™ announced the closing of an $82 million tax equity investment from Morgan Stanley for the 90 MW / 360 MWh Superstition Energy Storage facility in Gilbert, Arizona. Plus Power, which leads the sector for developing, owning, and operating standalone energy storage, has raised a total of approximately $2 billion for five total facilities in Arizona and Texas since October 2023. These investments will enable Plus Power to bring the facilities online by summer 2024, helping stabilize electric grids in the Southwest during extreme weather while integrating more renewable energy.
January 27, 2024
USA Today | “This state is quickly becoming America's clean energy paradise. Here's how it's happening.”
Hawaii pledged to be “Coal free by ’23,” and state law mandates 100% clean energy in just 21 years. Attaining that goal came closer last month when Plus Power’s Kapolei Energy Storage, an enormous 185-megawatt battery near Honolulu, hummed into full operation.
September 12, 2023
The Texas Tribune | “As brutal heat tests Texas’ power grid, batteries play a small but growing role in keeping the lights on”
Battery supporters credit the technology for helping during tight times when every megawatt counts to keep the power on for Texas’ growing population. This summer, batteries have mostly sold their power to meet high demand around 7 p.m. or 8 p.m. when solar production winds down as the sun sets but temperatures are still high. Energy consultant and battery advocate Doug Lewin calls that the “white knuckle part of the evening” for ERCOT, when batteries’ relatively small contribution to the grid can still be “determinative” to meeting what has been record-high demand during Texas’ second-hottest summer ever.
November 15, 2022
S&P Global | “US energy storage wave builds strength amid delays”
Garrett Hering on the coming wave of energy storage deployments, starting with Plus Power’s Kapolei Energy Storage facility in Hawaii and our 250-MW Sierra Estrella Energy Storage and 90-MW Superstition Energy Storage facilities for Salt River Project. The piece notes Plus Power having secured an excess of battery supply – 6.5 GWh—to serve our projects coming online through 2025 and more. "”The next year is going to be a game of musical chairs of those who have supply and those who don't," Keefe said. Plus Power is talking with fellow developers in need.”
October 27, 2022
Phoenix Business Journal | “SRP signs deal for two more battery storage stations to handle peak power demand”
Salt River Project said Thursday that it will add two new battery storage systems that will go online in 2024 with a combined output of 340 megawatts, giving the Arizona utility company more options during times of heavy power demand. SRP said it signed contracts with Houston-based Plus Power for the two projects, which will be built in Avondale and Gilbert.
August 23, 2022
Gilbert Sun News | “Giant lithium-ion battery plant eyed for northwest Gilbert”
Local paper reports on a virtual community engagement meeting for proposed Superstition Energy Storage project, held by Plus Power on August 17th, 2022.
September 28, 2021
Utility Dive | “With forward capacity auction success, batteries are winning in New England”
Todd Olinsky-Paul of Clean Energy Group posts an opinion of Plus Power's major energy storage milestone in New England.
August 18, 2021
Canary Media | “Hawaii building huge new battery, bidding farewell to coal”
Julian Spector describes the unique grid-forming and blackstart services of Plus Power’s planned 185 MW/ 565 MWh KES facility on Oahu, Hawaii, beyond its main role of absorbing abundant, low-cost renewable energy and shifting it to when energy is needed most. “Put simply, KES is a test case for how to switch from fossil fuels to clean energy without relying on gas power in a pinch.”
August 6, 2021
Forbes I “Plus Power: Charging Into New Storage Markets”
Peter Kelly-Detwiler on Plus Power’s data-driven strategies to deploy utility-scale stand alone energy storage across the U.S.
February 11, 2021
Green Tech Media | “Plus Power Breaks Open New England Market for Massive Batteries”
San Francisco-based developer Plus Power won two bids in the latest capacity auction held by the New England ISO, which operates the transmission grid and competitive power markets in six northeastern states. That means that these two battery plants offered a compelling enough price to edge out some fossil fuel plants for delivering power on demand.