UBS Asset Management buys 700MW ERCOT BESS
Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas ERCOT market in two months. The five standalone battery energy storage system (BESS) projects acquired by UBS Asset Management, part of the Switzerland-based global bank, are
UBS Asset Management acquires 700 megawatts of development-stage energy
Black Mountain Energy Storage. Black Mountain Energy Storage is a team of energy experts who develop and operate battery energy storage facilities. Founded in 2021, BMES was established to bring reliable, emissions-free energy storage capacity to the electric grid to enhance system reliability and enable greater reliance on renewable generation.
About Us
Black Mountain Energy Storage is a team of energy experts who develop and operate battery energy storage facilities. We were founded in 2021 to bring reliable energy storage capacity to the electric grid that will enhance system reliability and enable greater reliance on
Can ''water batteries'' solve the energy storage conundrum?
Built by Spanish company Iberdrola at a cost of €1.5bn, the facility in a rocky river valley in northern Portugal is known as a pumped storage plant. But insiders have another name for the
Black Mountain sells 200MW ERCOT BESS to Vitis Energy
IPP Vitis Energy has acquired a 200MW BESS project in the ERCOT, Texas market from developer Black Mountain Energy Storage (BMES). The Apache Hill BESS project is located adjacent to the 2.4GW Comanche Peak nuclear power plant in Hood County, the second-largest generating unit in Texas.
3 FAQs about [Portugal black mountain energy storage]
What is Black Mountain Energy Storage?
Black Mountain Energy Storage is a team of energy experts who develop and operate battery energy storage facilities. We were founded in 2021 to bring reliable energy storage capacity to the electric grid that will enhance system reliability and enable greater reliance on renewable generation.
Does Portugal need energy storage?
Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.
How much will Portugal spend on energy storage & grid flexibility?
The Portuguese Ministry of Energy has allocated €99.75 million ($107.6 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.