350 MW / 1,400 MWh addition is online and
bolstering California grid
reliability this summer
IRVING,
Texas, Aug. 1, 2023 /PRNewswire/ -- Vistra (NYSE:
VST) is announcing that it has completed the
350-megawatt/1,400-megawatt-hour Phase III expansion of its Moss
Landing Energy Storage Facility, bringing its total capacity to 750
MW/3,000 MWh, the largest of its kind in the world. The Phase III
expansion achieved commercial operation on June 2 and is now storing power and releasing it
to California's grid. It will
operate under a 15-year resource adequacy agreement with Pacific
Gas and Electric Company (PG&E) beginning August 1.
"As we navigate this energy transition to cleaner fuel sources,
the ability to balance that shift with both reliability and
affordability is paramount," said Jim
Burke, Vistra president and CEO. "Continued investment in
energy storage, like our Moss
Landing site, allows us to harness and store a substantial
and growing amount of power from intermittent renewables and then
deliver that electricity when customers need it most."
Burke continued, "We appreciate the continued partnership with
PG&E, which allows us to bring our expertise in energy storage
to bolster the reliability of California's growing renewable portfolio and
provide much-needed power to its residents."
The Phase III project, which is made up of 122 individual
containers that together house more than 110,000 battery modules,
was completed on schedule and within budget in just 16 months,
despite a challenging supply chain environment and tremendous
rainfall.
Moss Landing Energy Storage Facility is co-located on the site
of Vistra's existing natural gas-fueled Moss Landing Power Plant in
Monterey County – a site that has
provided critical electricity to Californians since 1950.
"Like our other energy storage projects, we've been able to
locate this project at a site that has historically been used for
electricity production, enabling the reuse of a site with existing
industrial zoning and infrastructure and with the physical space
for potential growth. In addition, revitalizing existing sites
ensures the local communities continue to benefit from ongoing
operations while we provide affordable electricity to
consumers."
Executing on its commitment to grow its zero-carbon portfolio
has made Vistra a market leader in battery energy storage, as it
now owns the second-most energy storage capacity in the country. In
addition to its California assets,
Vistra owns and operates two solar facilities, one
solar-plus-storage facility, and a 260-MW storage facility, all in
Texas. Additionally, Vistra has a
robust pipeline of projects, including four solar installations
and 10 other storage and solar-plus-storage facilities,
all in various stages of development in Illinois and
Texas.
With a commitment to affordability, reliability, and
sustainability, Vistra announced earlier this year its intention to
further grow its zero-carbon portfolio through the acquisition of
Energy Harbor's 4,000-MW nuclear fleet. Once the transaction
closes, which is expected later this year, Vistra will own and
operate the second-largest competitive nuclear fleet in the
country, with 6,400 MW of carbon-free nuclear power. The company
also continues to operate a large, dispatchable power fleet that
brings flexibility and reliability while the country continues to
transition to low-carbon resources.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 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
all major competitive wholesale power markets in the U.S. Serving
approximately 4 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 37,000 megawatts powered by a diverse portfolio,
including natural gas, nuclear, solar, and battery energy storage
facilities. The company owns and operates the 750-MW/3,000-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.