CSI Energy Storage said it will provide up to 2.6 GWh of battery energy storage capacity for the build-out of energy storage projects managed by UBS Asset Management’s Real Estate & Private Markets business in North America.
The projects are scheduled to reach commercial operation in 2024 and 2025.
In July, UBS Asset Management acquired five standalone, development-stage energy storage projects in Texas from Black Mountain Energy Storage. The storage assets will provide ancillary services to support the Texas grid’s operation.