• How Texas became the hottest grid battery market in the country

    How Texas became the hottest grid battery market in the country

    Aaron Zubaty, CEO of Eolian Power, was watching these events closely. His company owns and operates some of the biggest batteries in Texas, and he saw April 28 as a test for the ascendant Texas energy storage industry.

    “This was the largest instantaneous amount of energy storage deployed to date in the Texas market, but nevertheless is a record that will be substantially exceeded this summer as more energy storage capacity is commissioned in the coming months,” he noted at the time.

    READ MORE

  • Giant Batteries Are Transforming the Way the U.S. Uses Electricity

    They’re delivering solar power after dark in California and helping to stabilize grids in other states. And the technology is expanding rapidly.

    California draws more electricity from the sun than any other state. It also has a timing problem: Solar power is plentiful during the day but disappears by evening, just as people get home from work and electricity demand spikes. To fill the gap, power companies typically burn more fossil fuels like natural gas.

    READ MORE

  • Madero and Ignacio Grid property of Eolian, L.P.

    New ERCOT battery rule could limit energy storage use in grid emergencies, operators say

    New state of charge rules “will substantially reduce energy storage participation in the ancillary markets and reduce competition,” Eolian CEO Aaron Zubaty said.

    Read more at Utility Dive.

Eolian in the News

Send all media inquiries to: media@eolianenergy.com

PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $515 Million Green Loan

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan. This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.

Read More
PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Closes First-Of-Its-Kind Standalone Battery Energy Storage Tax Equity Financing

BURLINGAME, Calif., Feb. 13, 2023 /PRNewswire/ -- Eolian, L.P., a portfolio company of Global Infrastructure Partners, has successfully closed the first-of-its-kind tax equity investment in two standalone utility-scale battery storage projects located in Mission, Texas. This pioneering financing is the first use of the Investment Tax Credit (ITC) structure by a standalone utility-scale battery energy storage system and is possible due to passage of the Inflation Reduction Act of 2022. Tax equity investment in the projects was provided by a fund managed by Churchill Stateside Group, LLC.

Read More
PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Eolian Announces Closing Of $925 Million Renewable Energy Financing

NEW YORK, April 21, 2022 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, Natixis, MUFG and Mizuho, today announced the closing of a $925 million renewable energy financing. This novel structured transaction will further advance multiple strategies already underway as the Eolian team rapidly accelerates the deployment of cost-effective decarbonizing technologies across the US.

Read More
PRESS RELEASE Stephanie Seiferth PRESS RELEASE Stephanie Seiferth

Global Infrastructure Partners Announces Acquisition Of MAP® Energy's Renewable Energy Business

NEW YORK, Dec. 29, 2020 /PRNewswire/ -- Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, today announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP's fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its existing investment team.

Read More