Cypress Creek Acquires 400 MW Storage From Black Mountain  

USA-based renewable energy player Cypress Creek Renewables has added 400MW/600MWh to its storage portfolio after acquiring four Texas standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, each 100MW, are located throughout the Electric Reliability Council of Texas (ERCOT) market and are currently under development.

Cypress Creek said that it will continue project development, entitlement, engineering, procurement, financing, construction, and will operate the 400MW/600MWh portfolio once complete.

The company held that the four projects are expected to be operational in 2024. In the United States, Cypress Creek has developed more than 11 GW of solar to date and has a 15GW solar and storage pipeline. In the ERCOT market, Cypress Creek has developed 5GW of solar and storage assets, bringing resiliency and flexibility to the grid.

Jack Murray, Director of M&A at Cypress Creek, said, “ERCOT is an incredibly dynamic power market, and standalone storage assets will continue to provide opportunities to increase grid reliability through flexible and dispatchable resources. Black Mountain has been an exceptional partner to work with and we are excited to throw our development, EPC and financing expertise behind these assets to move them across the finish line, affirming our commitment to developing resilient renewable energy resources throughout Texas.”

Rhett Bennett, CEO, BMES, stated, “Cypress not only understands the power market, but also the critical importance of energy storage. They are committed to renewable energy, and we are excited about the potential of these projects and the immense positive impact they will bring to the grid.”

The transaction was facilitated through the LevelTen Energy Asset Marketplace. Patrick Worrall, VP, Asset Marketplace, LevelTen Energy, held “Black Mountain Energy Storage and Cypress Creek Renewables are leaders in the industry, and we look forward to watching development on this portfolio of storage projects progress.”

About Cypress Creek Renewables 

Cypress Creek Renewables claims to be a leading renewables developer and independent power producer that has developed over 11 GW of solar projects. Today it owns 2 GW of solar power projects and has a 15 GW pipeline. Cypress Creek also delves into O&M services business, and operates and maintains 4 GW of solar projects for its clients across 19 states in the USA.