Cypress Creek Renewables has acquired four Texas energy storage projects from Black Mountain Energy Storage (BMES), adding 400MW/600MWh to its storage portfolio.
The projects, each 100MW, are located throughout the Electric Reliability Council of Texas (ERCOT) market and are currently under development.
Cypress Creek will manage project development, entitlement, engineering, procurement, financing, construction, and will operate the 400MW/600MWh portfolio once complete. The four projects are expected to be placed in service in 2024.
Nationally, Cypress Creek has developed more than 11GW of solar to date and has a 15GW solar and storage pipeline. In the ERCOT market, Cypress Creek has developed 5GW of solar and storage assets, bringing resiliency and flexibility to the grid.
The transaction was facilitated through the LevelTen Energy Asset Marketplace, connecting renewable energy projects and buyers towards deal execution.