Prologis Energy sells 400MW/800MWh BESS in Texas

AI generated summary

Prologis Energy has announced the sale of a 400MW/800MWh battery energy storage system (BESS) in Alvin, Texas, strategically located in one of the most congested zones of the Electric Reliability Council of Texas (ERCOT). The project is currently under construction, with expectations for 200MW to achieve mechanical completion by the end of the year. Prologis has successfully secured land, finalized interconnection agreements, and structured a 20-year ground lease for the project, which is anticipated to benefit customers of Centerpoint Energy.

As ERCOT continues to be a leading market for battery energy storage development, concerns about electricity scarcity and price volatility are rising due to projected load growth challenges. Prologis, originally a logistics real estate company, has been expanding into renewable energy since 2007 and aims to add nine more BESS projects in Texas by the end of 2025. With over 8.5GW of grid-scale storage in development globally, Prologis is positioning itself as a significant player in the energy storage sector.