We have closed $183 million in project financing for our 200 MWh Fort Duncan Storage project in Maverick County, Texas. The project will operate on a merchant basis, storing and dispatching power to the ERCOT grid in response to market demand. We are pleased to support the growing Texas economy with infrastructure that improves reliability and supports the use of the lowest-cost energy sources. Thank you to our partners at NORD/LB and Greenprint Capital for your continued support! More here: https://lnkd.in/esy6dTNi
Awesome!
Brian Beebe
2w
Exciting: just in time for July-August 2025 and lofty $150 peak power!
Cheney Cai
2w
Congrats for the meaningful investment by Recurrent Energy
Joe Amara
2w
Congrats!
Congrats!
Congratulations!
ELMNT LLC
2w
great news Recurrent Energy
Congrats on securing $183 million in project financing for the Fort Duncan Storage project! This is a significant milestone that will not only improve the reliability of the ERCOT grid but also enhance the integration of cost-effective energy sources. We're excited to see how this project will contribute to the growing Texas economy and the renewable energy transition. Big thanks to your partners at NORD/LB and Greenprint Capital for their continued collaboration!