While the bulk of KCE’s 623MW operating portfolio is concentrated in Texas, where it has 580MW of assets in the ERCOT market, NY-ISO, where it was an early mover, and MISO, which the company has been enthusiastically talking up for some time, are also known focuses.
For example, the developer, headquartered in Albany, upstate New York, was the first to put a grid-scale BESS into commercial operation in the state in 2019. As regular readers will know, various factors have proved a barrier to many other such assets getting over the line in New York, not least of all a market design that does not capture electricity price volatility as ERCOT does.
However, the Bulk Energy Storage Program, a new large-scale BESS procurement programme, is underway via the New York State Energy Research and Development Authority (NYSERDA), and the state government is hopeful that it will put a dent in the 6GW by 2030 energy storage procurement target put into legislation by Governor Kathy Hochul. Energy-Storage.news has heard that Key Capture Energy submitted projects to the programme that will use a revenue-underwriting formula called the Index Storage Credit Mechanism to derive a strike price for wholesale power sales.
