DeCordova Energy Storage Facility provides 260
megawatts of dispatchable, instant-start, emission-free power;
expands company's portfolio of zero-carbon generation facilities
and reliability in ERCOT
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IRVING,
Texas, May 23, 2022 /PRNewswire/ -- Vistra (NYSE:
VST) today announced that its DeCordova Energy Storage Facility in
Granbury, Texas, is online and
storing and releasing electricity to the ERCOT grid in time for
another hot Texas summer. The
260-megawatt/260 megawatt-hour battery energy storage project is
the largest of its kind in the Lone Star State.
First announced in September 2020,
DeCordova is the second of seven new zero-carbon projects Vistra is
bringing online in Texas over the
next few years as part of its growing Vistra Zero portfolio. These
new power generation facilities represent a nearly $1 billion capital investment by the company
within the Texas ERCOT market.
"As our fleet and electric grids across the country transition
to cleaner generation, we haven't lost sight of our essential role
in providing reliable, affordable electricity. The battery storage
technology at DeCordova accomplishes those objectives – providing
instantaneous-start, dispatchable generation to help balance the
intermittency of renewable energy as the electric grid transitions
to low-to-zero-carbon resources," said Curt
Morgan, CEO of Vistra. "No doubt, a project of this size and
an overall investment this ambitious solidifies Vistra's position
as a market leader in investing in, owning, and operating
emission-free power generation in Texas and beyond while balancing affordability
and reliability."
Jim Burke, Vistra president and
chief financial officer, added, "DeCordova offers a unique value
proposition – not only can this battery system provide
instantaneous full power to the grid with the flip of a switch, but
it is also co-located on the same site as our quick-start DeCordova
natural gas-fueled power plant. This pairing means we essentially
have a large, one-hour battery system with dispatchable, reliable
generation, leading to continuity of operation and resiliency of
the grid. In addition, these gas-fueled generation units have seven
days of diesel backup in the event of any disruption of natural gas
supplies, which is yet another example of the resiliency aspect of
the Decordova site."
Comprised of more than 3,000 individual battery modules,
DeCordova Energy Storage Facility can store enough electricity to
power approximately 130,000 average Texas residences during normal grid
conditions. The batteries capture excess electricity from the grid,
primarily overnight during high wind-output hours, and can release
the power when customer demand is highest.
DeCordova Energy Storage Facility utilizes lithium-ion
technology housed in containers that, in addition to project
inverters, were supplied by Sungrow, the project integrator.
Mortenson provided engineering and construction expertise. Project
construction began in June 2021 and
was finished in less than a year.
Along with DeCordova and Brightside Solar Facility, Vistra is
also completing the 108-MW Emerald Grove Solar Facility in
Crane County ahead of summer.
Together with its existing emission-free generation assets,
including the most efficient nuclear plant in the country –
Comanche Peak Nuclear Power Plant, these projects bring the
company's zero-carbon Vistra Zero portfolio to nearly 3,300 MW
online, with plans to grow to more than 7,300 MW by 2026.
For more information on Vistra Zero, click here.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 275 integrated retail
electricity and power generation company based in Irving, Texas, providing essential resources
for customers, commerce, and communities. Vistra combines an
innovative, customer-centric approach to retail with safe,
reliable, diverse, and efficient power generation. The company
brings its products and services to market in 20 states and the
District of Columbia, including
six of the seven competitive wholesale markets in the U.S. and
markets in Canada and Japan, as well. Serving nearly 4.3 million
residential, commercial, and industrial retail customers with
electricity and natural gas, Vistra is one of the largest
competitive electricity providers in the country and offers over 50
renewable energy plans. The company is also the largest competitive
power generator in the U.S., with a capacity of approximately
39,000 megawatts powered by a diverse portfolio, including natural
gas, nuclear, coal, solar, and battery energy storage facilities.
In addition, Vistra is a large purchaser of wind power. The company
owns and operates the 400-MW/1,600-MWh battery energy storage
system in Moss Landing,
California, the largest of its kind in the world. Vistra is
guided by four core principles: we do business the right way, we
work as a team, we compete to win, and we care about our
stakeholders, including our customers, our communities where we
work and live, our employees, and our investors. Learn more about
our environmental, social, and governance efforts and read the
company's sustainability report at
https://www.vistracorp.com/sustainability/.
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SOURCE Vistra Corp.