Madrid-based renewable energy operator Acciona Energía has swooped in to acquire the largest battery storage project on the Texas grid.
Construction on the 190-megawatt storage facility in Hunt County, about 55 miles northeast of Dallas, is expected to finish by March. The project, known as Cunningham, was previously owned by South Korea-based Qcells Co. Ltd. Belltown Power Texas LLC had sold it to Qcells about a year ago.
Battery storage systems are rechargeable batteries that store energy from sources, such as solar arrays or the electric grid, and release it when it’s needed by the electrical grid. This helps to balance electrical supply and demand as it discharges the energy during peak usage, helping to reduce spikes in pricing for customers.
