Orsted, a clean energy company, has collaborated with Mission Clean Energy, a utility-scale renewable energy and storage developer, to develop four standalone battery energy storage systems (BESS) across the Midwest.
The mission aims to leverage Orsted's operational leadership and resources to advance the projects. Orsted will utilize its capital to secure and maintain interconnection queue positions for the four storage projects owned by Mission, while Mission will continue to lead their development.
Mission and Orsted submitted interconnection applications for the projects, totaling 1 GW, in the Mid-Continent Independent System Operator (MISO) Central and North. Orsted will have the option to acquire an ownership stake in the projects as they mature.
"We look forward to working with Mission Clean Energy under this unique partnership to accelerate the expansion of storage projects across the Midwest and broaden our portfolio of renewable energy technologies and services for customers," said James Giamarino, Chief Commercial Officer at Orsted. "Continuing to invest in and build out storage solutions is critical for ensuring a resilient and reliable grid."
The partnership highlights Mission's expertise in strategic market entry analysis and project execution. The four projects are strategically sited to meet capacity requirements and manage increasing grid volatility, with a strong emphasis on the locational benefits they will provide.
This agreement creates access to valuable assets that add to Orsted's development pipeline, bolstering its strategic focus on increasing storage, wind, and solar and providing integrated solutions for customers.
Orsted's existing portfolio of co-located solar and storage projects includes the 40 MW storage project at Permian Solar Center in West Texas and the 300 MW/ 1200 MWh storage project at Eleven Mile Solar Center in Arizona. Orsted encompasses a portfolio of nearly 6 GW of renewable energy projects in operation or under construction in the US and aims to expand its presence in the Midwest while supporting Mission Clean Energy.
