The US Navy & Department of Defense recently announced storage investments totalling $100m as utilities begin relying on the military to bail them out in times of crisis
Ingka & Apex developing Texas battery project co-located with wind farm
Ingka Investments (the investment arm of Ingka Group, the largest IKEA retailer) and Apex Clean Energy today announced the company’s first-ever battery storage project, Cameron Storage in Texas.
The 16.4MW standalone lithium-ion battery, which will begin operations in the coming weeks, is co-located with Ingka Investments’ Cameron Wind farm, a 55-turbine, 165 MW project that has been operational since 2015.
Cameron Storage, located in Texas’ Cameron County, forms part of Ingka Group’s strategy to help achieve IKEA’s commitment to becoming climate positive by 2030.* As the largest IKEA franchisee, Ingka Group has an important part to play in achieving these commitments, for example by switching to renewable energy and transitioning to zero-emission home deliveries.
Peter van der Poel, managing director at Ingka Investments, said: “This is an important step in our journey towards becoming climate positive. Going forward we aim to invest in a mix of wind, solar, and energy storage.”
Ken Young, Apex Clean Energy CEO, said: “For more than a decade, IKEA has charted the course for the corporate sector in investing in clean energy solutions, and today, Cameron Storage builds on that record of leadership. Utility-scale energy storage unlocks the full potential of clean power to decarbonise our economy while providing increased reliability and certainty for our electric grid.”
Powin is serving as the equipment vendor, and Worley is providing engineering, procurement, and construction services for the project.