Broad Reach Power Closes $435 Million Financing for 880 MW of Utility-Scale Battery Storage Facilities

HOUSTON – July 28, 2023 – Broad Reach Power today announced it has closed $435 million in credit facilities to support the construction of 7 stand-alone energy storage projects totaling 880 MW of capacity in Texas and California.  The Battery Energy Storage System (BESS) projects are currently under construction with expected commercial operation dates ranging from late 2023 through Q1 2024.   “Through this industry-leading financing, these…

Broad Reach Power Announces Leadership Transition Stacey Peterson Appointed Chief Executive Officer, Effective May 1, 2023

HOUSTON – March 20, 2023 – Broad Reach Power, the leading U.S. utility-scale battery storage platform, announced today that Stacey Peterson has been appointed Chief Executive Officer, effective May 1, 2023. Ms. Peterson, who currently serves at the Company’s Chief Financial Officer, will succeed Steve Vavrik. “I’m proud to have led Broad Reach Power for the…

Leading Global Organizations Launch New Consortium to Assess Climate Benefits of Energy Storage

MEDIA CONTACTS Stacey Yip, Meta [email protected] (650) 407-0610 Tara Bartley, REsurety [email protected] (774) 232-1220 Morgan Moritz, Broad Reach Power [email protected] (512) 745-2575 Leading Global Organizations Launch New Consortium to Assess Climate Benefits of Energy Storage The Energy Storage Solutions Consortium will develop a first-of-its-kind methodology to quantify the greenhouse gas emissions benefits of stored energy…

Improving the electrical grid with innovation and partnerships

By John DeAngelis, Energy Manager, Meta   The electrical grid is transforming as older, less efficient fossil fuel generation plants are closing and more wind and solar farms are added to the system. These changes, however, can introduce additional complexity to a system that requires new tools to help the grid transition reliably. At the…

Broad Reach Power Sees New Tax Benefits Boosting Utility Battery Projects

Broad Reach Power Makes Strategic New Hire with Stacey Peterson as Chief Financial Officer

HOUSTON – September 12, 2022 – Broad Reach Power, the leading utility-scale battery storage platform, which owns a 21 gigawatt (GW) portfolio of utility-scale battery storage and renewable power projects across the U.S., announced today that Stacey Peterson has joined as Chief Financial Officer. “The fundamentals of our business have never been stronger, and apart…

Broad Reach Power Closes $160 Million Project Financing on 18 Battery Energy Storage Projects

HOUSTON – Broad Reach Power (“Broad Reach”), the leading utility-scale battery storage platform, which owns a 21 gigawatt (GW) portfolio of utility-scale battery storage and renewable power projects across the U.S., today announced it successfully closed a $160 million project financing for 17 operating battery energy storage systems in Texas and one in California. Totaling…

Broad Reach Power and Lancium Partner to Support Grid Stability Through Flexible Data Centers

HOUSTON – July 7, 2022 – Broad Reach Power Energy Services LLC, a wholly owned subsidiary of Houston-based independent power producer Broad Reach Power LLC (“Broad Reach”), announced today that it has entered into a services partnership with Lancium, an energy technology and infrastructure company that advances the decarbonization and stability of the electric power…

Broad Reach Power and CATL Announce Large Purchase of Battery Storage Systems for Texas

Six ERCOT projects will contribute over 900 MWh to the Texas grid and will reach commercial operation in 2023 HOUSTON – April 19, 2022 – Broad Reach Power LLC (“Broad Reach”), an independent power producer based in Houston, Texas, which owns a 21-gigawatt (GW) portfolio of utility-scale wind, solar and energy storage power projects, today…

Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap

Apollo Funds and existing EnCap-led shareholder group also commit to invest up to $400 million of new equity to accelerate Broad Reach Power’s growth and expansion plans Transaction marks first sale for EnCap Energy Transition Fund I Extends Apollo’s energy transition activity with premier, vertically integrated platform NEW YORK and HOUSTON – November 22, 2021 –…