Q Cells, a top developer and investor in renewable energy technology, announced this Friday it acquired its first battery energy storage system. It is a 190-megawatts standalone system located in Hunt County, TX, that will connect to the Rayburn County Electric Cooperative, Inc. grid.
Firstly, the project calls Sputnik Energy Storage, and it is still in the development phase. Q Cells acquired it from Belltown Power Texas, LLC. As outlined above, the project is a 190 MW/ 380 MWh storage facility and will operate in the ERCOT market.
Moreover, when fully commissioned will be one of the largest operating battery storage projects in Texas. The operational date might come around 2022. About the matter, Vitaly Lee, Head of Development, said. “This is quite an achievement for our company, being its first standalone battery storage project.”
On the other hand, Mr. Jaekyu Lee, President of Q CELLS USA, commented. “This acquisition builds upon the tremendous momentum at our company. We are proud of completing another transaction with Belltown Power and are happy to be sharing in the accomplishments with such a valuable partner to Q CELLS.”
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Q Cells building momentum for further expansion
Furthermore, the acquisition follows the development of 332 MW of solar assets across the US. Currently, the company is working on the development of a further 9GW of solar and energy storage projects.
About the near future of the company, Mr. Lee also stated, “We have positioned ourselves for exponential growth through a nation-wide greenfield campaign and acquisition of solar and energy storage projects in the US and look forward to partnering with developers who need our one-stop turnkey solutions.”
At the same time, Lloyd Pope, President of Belltown Power Texas, commented. “Our teams worked seamlessly throughout the execution process, and we look forward to a continued partnership between our companies.”
Finally, Q Cells USA is an affiliate of the mother company Q Cells Company LTD. This company has become one of the world’s largest and most recognized photovoltaic manufacturers for its high performance, high-quality solar cells, and modules.