Broad Reach orders CATL batteries for 900 MWh of Texas projects

Houston, Texas-based independent power producer Broad Reach Power LLC on Tuesday said it has bought battery energy storage systems for projects totalling more than 900 MWh in its home state.

The new batteries were purchased from Chinese manufacturer Contemporary Amperex Technology Co Ltd (SHE:300750), or CATL, and will be installed at six of Broad Reach’s projects in Texas. The facilities are expected to begin commercial operations in 2023.

The latest order for CATL batteries comes on the heels of an earlier deal from 2021 under which Broad Reach purchased CATL equipment for two of its projects in the ERCOT market -- Bat Cave and North Fork.

“By further leveraging CATL’s innovative battery technologies and Broad Reach’s capabilities and network in the renewable energy industry, we will further facilitate the energy transition and the drive toward carbon neutrality in Texas and the US,” said Tan Libin, president of Energy Storage at CATL.

Houston, Texas-based Broad Reach owns a renewable energy portfolio consisting of 21 GW of wind, solar and energy storage assets in Montana, California, Wyoming, Utah and Texas. The company is backed by EnCap Investments LP, Apollo Global Management, Yorktown Partners and Mercuria Energy, among others.

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