The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.
Sungrow in 1GWh+ BESS deal with US developer Spearmint Energy
The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.
Sungrow in 1GWh+ BESS deal with US developer Spearmint Energy
The two companies announced the deal last week (23 August). PowerTitan 2.0 will be installed at Texas projects through 2025.
It builds on an existing relationship which has seen Sungrow BESS units power Spearmint’s first major project, also in Texas.
Completed at the end of last year, Spearmint’s 150MW/300MWh Revolution project features 134 Sungrow BESS containers and 45 Sungrow power conversion system (PCS) units.
Spearmint acquired Revolution from Con Edison in 2022 before breaking ground on it in December of that year.
It was thought to be one of the US’ first-ever BESS projects to leverage the investment tax credit (ITC) for standalone storage as the developer secured US$92 million in tax equity financing.
While a release from Sungrow and Spearmint did not disclose details of the projects to be included in the scope of the new agreement, in March 2023 Spearmint acquired a 900MW three-project portfolio in Texas from an unnamed developer, set to come online during 2025.
Research firm Wood Mackenzie ranked Sungrow as the second-top energy storage system integrator globally for 2023 in a recent report. Sungrow had been top in 2022 but lost out to Tesla last year. Meanwhile, Sungrow, Tesla and Fluence, the top three in Wood Mackenzie’s rankings for the US market, increased their combined market share of the US market to 72% last year from 60% the year before.
Thanks to ERCOT’s deregulated wholesale electricity market, Texas has the second largest installed base of grid-scale battery storage assets by state in the US after California, with about 5GW participating in ERCOT, to more than 10GW already online on California’s CAISO grid.
ERCOT also appears to be growing faster than California’s CAISO market and is due to close in on around 9.5GW of cumulative installs by the end of this year, by some projections.
BESS revenues in ERCOT average at about US$200,000/MW/year in 2023, according to Modo Energy ERCOT lead Brandt Vermillion. Speaking to Energy-Storage.news Premium for a recent interview, Vermillion said that revenues will be lower in 2024, but the wholesale price volatility that battery storage assets are well-placed to capture will increase.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.
Netherlands: Giga Storage claims first time-limited contract for BESS
The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.