The project enters service as Michigan law requires utilities to bring 2,500MW of energy storage online by 2030. The state’s largest coal units are scheduled to retire through 2032, removing dispatchable capacity from the MISO grid.
“Power demand is rising rapidly, and storage projects like Coldwater enable our grid to keep pace,” said Ken Young, CEO of Apex. “e-Storage has the technology and the scale to deliver this project, and we’re glad to be working once again with our partners at Canadian Solar.”
In February, e-Storage and owner-operator Sunraycer Renewables entered into agreements for the supply and long-term servicing of two BESS totalling 503MWh in Franklin County, Texas.
Spearmint Energy secures US$325 million expanded debt facility
Battery storage developer and operator Spearmint Energy has secured a US$325 million expanded debt facility in partnership with Nuveen Energy Infrastructure Credit, Elda River Capital Management, Harrison Street Asset Management, and Aiga Capital Partners.
