Greenflash Infrastructure LP mentioned Tuesday it had acquired a proposed 200-megawatt (MW) battery vitality storage system (BESS) mission in Fort Bend County, Texas, from Superior Energy.
“The totally permitted, interconnection-ready mission is anticipated to obtain Discover to Proceed in 2026, with industrial operations focused for mid-2027”, Houston-based energy investor Greenflash mentioned in a press launch.
Greenflash managing accomplice Vishal Apte mentioned, “This acquisition provides near-term, execution-ready capability towards our five-gigawatt ERCOT [Electric Reliability Council of Texas market] buildout”.
- Advertisement -
Superior Energy chief govt Tom Spang mentioned, “ERCOT, like different main energy markets within the U.S., has an pressing want for tasks that improve grid reliability”.
“As a premier developer of thermal, renewable and now, BESS, expertise, Superior Energy is dedicated to bringing these up to date energy options to corporations like Greenflash, who acknowledge the area’s pressing and rising vitality and capability wants”, Spang added.
Superior Energy’s Rock Rose mission “was chosen for its interconnection place, transmission entry and capability to help grid reliability and versatile dispatch”, Greenflash mentioned.
“The acquisition helps Greenflash’s technique to deploy utility-scale battery tasks throughout ERCOT”.
Rock Rose is Greenflash’s second battery vitality storage mission. Earlier this month it mentioned it had accomplished hybrid tax capital and debt financing for Undertaking Soho, a 400-MW standalone battery storage in Brazoria County, Texas.
“The mission is the most important standalone BESS presently underneath development in TX and is forward of schedule to energise in Q1 2026, and obtain industrial operations in Q2 2026”, Greenflash mentioned in an internet assertion October 7.
“We designed this financing construction to be a scalable, repeatable template for our five-gigawatt near-term ERCOT pipeline”, mentioned Greenflash co-founder and vp Joel Chisolm.
The financing included a most popular fairness funding from funds managed by New York Metropolis-based Wafra Inc.
“Acadia Infrastructure Capital LP, a North American energy infrastructure funding supervisor, invested most popular fairness in Undertaking Soho alongside Wafra”, Greenflash mentioned. “The popular fairness funding is structured to facilitate a tax credit score sale to a number one U.S.-based insurance coverage firm.
“The transaction additionally included debt financing led by Deutsche Financial institution which served as coordinating lead arranger and sole bookrunner”.
Greenflash is a portfolio firm of Miami, Florida-based international investor HIG Capital LLC, which introduced the acquisition of a controlling stake within the firm September 25, 2024.
Greenflash says it acquires, develops, funds, owns and operates grid-scale vitality storage, energy era and information middle powered shell infrastructure globally.
To contact the creator, e-mail jov.onsat@rigzone.com
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial assessment. Off-topic, inappropriate or insulting feedback might be eliminated.
