On February 09, 2023, CPS Energy, a utility company, reached agreements with three companies, completing its FlexPOWER Bundle initiative, which was released as a Request for Proposal (RFP) in 2020.
This initiative will deliver 580 megawatts (MW) of solar, 500 MW of natural gas and 50 MW of storage capacity of green energy. In addition, CPS Energy will release a separate RFP for adding 320 MW of solar capacity, including solar community proposals, and update its generation portfolio. Regarding the agreements, Calpine, a power company, will provide approximately 500 MW of firming capacity; Ashtrom Renewable Energy firm, in collaboration with OnPeak Power, will provide 100 MW; and green energy investor Eolian will grant exclusive rights for 50 MW of energy storage.
San Antonio Mayor, Ron Nirenberg, said, "When we launched the FlexPOWER Bundle, we cast an international net to see what new technologies we could procure for our community." He added, "These last three agreements signify years of hard work and will provide reliable generation to our community. We look forward to our new partnerships and what they will mean for the City of San Antonio."
(Source – Cision PR Newswire)
President and CEO of CPS Energy, Rudy D. Garza, said, "Securing these last three agreements marks the end of a more than two-year long process that the CPS Energy team has been working diligently on." He added, "The FlexPOWER Bundle was created to further diversify our generation mix, which we have accomplished, and we look forward to continuing to add solar capacity to our portfolio with a new 320 MW RFP to be launched in the coming months."
(Source – Cision PR Newswire)
About CPS Energy
Headquartered in San Antonio, Texas, CPS Energy, a municipally owned electric and natural gas company, is providing secure, affordable services across the Greater San Antonio area. It focuses on job creation, educational investment, clean energy investment, and economic development as a community partner. With employees' volunteerism and commitment to the community, it has conducted programs that add value to the customers, offering reliable power along with sensitivity towards the environment. Its partners include companies working for clean energy, efficiency, and innovation, especially in solar power. It specializes in the fields of public utilities, renewable energy, electricity, and natural gas