What does a $400 Million battery build out look like?

What is happening? A $400 Million battery storage project is being built in Texas by Regis Energy Partners and Excelsior Energy Capital, partnering as REX Storage Holdings. The $400 Million will build 4 stand alone distributed battery energy storage systems with a total capacity of 9.9 MW.

Why is this important? 2 reasons we’re seeing more standalone battery storage: (1) Inflation Reduction Act of 2022 extends the 30% investment tax credit

(2) “Batteries can also serve as peak-demand shavers, avoiding those massive spikes in wholesale market volatility.”

PV Magazine | Joint venture commits $400 million to standalone battery buildout in Texas