Climate Problems
With over 6 years of development history built on in-depth, diversified market expertise, Plus Power has leveraged a first-mover advantage in standalone energy storage to develop a diversified portfolio including 10 gigawatts in development across 25+ U.S. states and Canadian provinces.
Our data-driven approach allows us to site projects that relieve grid congestion, increase transmission efficiency, and speed the transition to a renewable-powered electric grid.
We have the first grid-forming standalone battery resources at scale in the world that are able to respond in milliseconds to the markets’ needs. Our projects also provide critical grid services and have acted as the assets of last resort in wholesale markets, allowing the grid to continue functioning at times of stress and record peak loads.
As of July 2024, Plus Power is operating 7 projects in Hawaii, Texas, and Arizona, and has developed 2 projects in Texas that are currently operating and owned by others. Plus Power currently has 2 more projects in construction. We leverage best-in-class capabilities from greenfield development through market and power system analysis, origination, finance, engineering & procurement, construction management, and operational asset management.
Both the success of grid decarbonization and escalating extreme weather are adding stress to our power grid that was built for a bygone era. Half of Americans now risk blackouts that cost $150 billion per year and damage our job-creating industries. In 2021, Texas came within 5 minutes of shutting down their power grid for weeks.
Our power grid, in all regions of the U.S., now needs grid stabilizers which Plus Power is delivering with standalone battery power plants. Solar and wind power dominate new power plants additions in the U.S. and around the world, which will drive decades of demand for grid-stabilizing batteries.
Standalone batteries uniquely offer both kinds of grid stabilization: ancillary services provided over seconds to maintain grid performance, and stored energy over hours to delivery renewable power when the sun doesn’t shine or the wind doesn’t blow.
With years of proven experience building energy generation and energy storage, Plus Power has assembled an unparalleled team to develop, construct, finance, build, and operate utility-scale energy storage assets across North America.
Plus Power develops, owns, and operates a diversified portfolio of climate-positive assets to help make our vision of a 100% decarbonized electric grid a reality. We set the bar on responsible development of standalone energy storage projects across North America and strive to be excellent colleagues, partners, and neighbors.
