Agilitas steps in Texas with 60-MW energy storage purchase

March 29 (Renewables Now) - US solar and storage developer Agilitas Energy has agreed to acquire 60 MW of battery energy storage systems (BESS) in the Greater Houston region in a deal that marks its entry into the Houston market.

The portfolio consists of six standalone projects for which the Massachusetts-based company paid USD 75 million (EUR 69.2m), it said on Tuesday. The vendor is Gulf States Renewable Energy, a subsidiary of GSR Energy.

Each of the six projects uses BYD Energy technology, has an identical design and a capacity of 9.96 MW/20.72 MWh. Two of the facilities are planned to be switched on this year, while the remaining four will go online in 2024, delivering energy for the customers of utility CenterPoint Energy.

Agilitas expects to take possession of all six projects when they are fully permitted and ready for construction. The acquisition is aligned with the company’s strategy to grow its operations outside of the Northeast as part of its national expansion plan.

Agilitas, which currently has a renewable energy and battery storage pipeline exceeding 1 GW, noted it is seeking renewables projects at all stages of development in markets across its home country.

(USD 1.0 = EUR 0.922)