Black Mountain Seeks Buyers for $300 Million Battery Power Unit
- Energy storage unit has 6.4 gigawatts of projects in pipeline
- Battery storage growth needed to complement renewable power
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Black Mountain, a privately-held energy and natural resources company, wants to sell its division for power-storage projects amid soaring demand for battery installations used to help stabilize electricity grids.
Austin-based Black Mountain Energy Storage has a pipeline of 32 projects projected to produce 6.4 gigawatts of battery power when completed, according to a marketing document seen by Bloomberg. The projects are being built mostly in Texas, but also include some sites in the Midwest and East Coast.