In the context of the article, the
The article explains that Bootstrap Energy has teamed up with Navitas Energy, a battery storage developer, to design and construct the BESS facility. The facility is expected to be connected to the ERCOT power grid by the end of 2025. The article also mentions the involvement of Leyline Renewable Energy and AEP, as well as the completion of an interconnection study.
Furthermore, the article highlights the decline in cryptocurrency prices, often referred to as a “crypto winter,” which has affected the demand for mining. It mentions the fall of the FTX crypto exchange and the subsequent decrease in the price of bitcoin. As a result of these factors, Bootstrap Energy decided to explore alternative industrial uses for the land and found an opportunity in the energy storage market.
The article also touches upon the growth of the energy storage sector in ERCOT, with a significant increase in large-scale BESS deployments expected in the coming years. It emphasizes the potential for investment tax credit incentives and the financial benefits that the project will bring to Corpus Christi’s general fund.
Overall, while the