With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage
Available Power and Linxon form US storage partnership
Battery energy storage system developer Available Power and Linxon – a SNC-Lavalin and Hitachi Energy joint venture – have announced a strategic partnership to “scale the North American energy storage market”.
A statement said: “Linxon has already secured access to the necessary equipment supply to deliver on the first tranche of Available Power's 1GW front-of-meter project pipeline in Texas's ERCOT market territory.”
As of December 2022, ERCOT had around 2.7 GW of installed battery capacity, meaning that Available Power's pipeline alone represents an approximate 37% increase with its 1 GW of new planned capacity.
An estimated 75% of the project pipeline comprises distribution-connected battery systems with an average size of 10 MW / 20 MWh each, “making the portfolio one of the largest-ever battery fleets announced by a developer”, the statement added.
Willkie Farr & Gallagher LLP served as legal advisor to Available Power in connection with the joint venture.