Houston energy provider strikes deal to bolster Texas, California grids

Timothy Malcolm | Source: Microsoft Start | Posted 05/24/2025

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A Houston-based energy provider has struck a big deal to go even bigger on bolstering Texas' famous power grid. ENGIE North America announced this week a partnership with CBRE Investment Management that will charge up more than two-dozen battery energy storage system (BESS) projects across both Texas and its energy industry arch rival California.

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A Houston-based energy provider, ENGIE North America, has partnered with CBRE Investment Management to enhance the power grids in Texas and California through the development of over two dozen battery energy storage system (BESS) projects. Announced on May 15, this partnership will add a total of 2.4 gigawatts (GW) of power to the grids, including the Energy Reliability Council of Texas (ERCOT) and the California Independent System Operator (CAISO). ENGIE will maintain a controlling interest in the portfolio of 31 projects, reflecting its commitment to meeting the growing energy demands in these states.

Texas is a leader in renewable energy, particularly in solar and wind, and has seen a surge in battery energy facilities in recent years. These facilities utilize lithium-ion batteries to store energy generated from renewable sources, which can then be supplied to the power grid. While the addition of BESS projects raises concerns among some Texans regarding fire hazards associated with the batteries, experts indicate that serious incidents are rare. Recent legislative efforts in Texas have aimed to regulate the placement of these storage systems to mitigate potential risks.

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Source Link: https://www.msn.com/en-us/money/markets/houston-energy-provider-strikes-deal-to-bolster-texas-california-grids/ar-AA1FiWcd

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Houston energy provider strikes deal to bolster Texas, California grids

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