Ascend Analytics has launched a sales process on behalf of ESA Solar Energy for its Midcontinent ISO battery energy storage system portfolio.
The portfolio, located across Michigan, Wisconsin, Minnesota and Iowa, includes 36 early-stage BESS projects, with the potential for approximately 6 gigawatts of storage capacity.
ESA Solar has been an early mover in MISO, actively developing renewable energy projects in that region since 2017.
Load growth, thermal retirements, and growing renewable penetration are all expected to further drive energy price volatility and heightened demand for capacity in MISO. Combined with energy storage mandates in some MISO states, ESA Solar on Jan. 16.
Ascend expects the fundamentals to be conducive to significant energy storage deployment in some parts of MISO towards the end of the decade and into the early 2030s.
The portfolio features projects that have been diligenced and selected for their commercial feasibility and attractiveness to potential off-takers, ESA Solar said.
"Future buyers will benefit from ESA’s development services support, including interconnection, environmental permitting, and engineering. These projects offer developer/IPP buyers a head-start in the early-stage development process," it said.
Ascend is inviting all qualified independent power producers, infrastructure funds, developers, and investors to learn more at https://bit.ly/3WiMlXQ.