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  1. Market Data
August 31, 2021

Lily Solar PV Plant – Battery Energy Storage System, US

By Carmen

The Lily Solar PV Plant – Battery Energy Storage System is a 50,000kW energy storage project located in Kaufman, Texas, US. The rated storage capacity of the project is 75,000kWh.

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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
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The project will be commissioned in 2021.

Description

The Lily Solar PV Plant – Battery Energy Storage System is being developed by Enel Green Power North America. The project is owned by Enel Green Power North America (100%), a subsidiary of Enel North America.

The key applications of the project are renewable capacity firming and grid optimization.

Contractors involved

Enel Green Power North America is the owner. Enel Green Power North America is the developer.

Additional information

The battery storage system is capable of storing up to 75 MWh at a time to be dispatched when solar power generation is low, while also providing the grid access to a clean supply of electricity during periods of high demand.

About Enel Green Power North America

Enel Green Power North America Inc (EGP-NA), a subsidiary of Enel Green Power SpA is an alternative energy company that owns, operates, and develops renewable energy plants. The company generates electric power from hydro power, biomass, wind, solar, and geothermal sources. Its hydro projects include Boott, Crescent, Salmon Falls, Dexter, High Falls, Denley, Theresa, Walden, Port Leyden, Elk Creek and GeoBon, among others. EGP-NA’s wind projects comrpise Minnesota Wind, Buffalo Dunes, Smoky Hills, Castle Rock Ridge, Prairie Rose, and St. Lawrence, among others. The company also owns and operates plants across the US and Canada. It has its operations in San Diego, Andover, Reno, and Washington, the US. EGP-NA is headquartered in Andover, Massachusetts, the US.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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