GRIDSTOR ANNOUNCES ACQUISITION OF
Founded in 2021, BMES was established to bring reliable, emissions-free energy storage capacity to the electric grid to enhance
Leveraging cumulative decades of electric market experience, Black Mountain Energy Storage develops powerful, flexible, and strategically placed battery energy storage projects to foster a resilient electric grid. BMES' quickly expanding team of energy experts are fast actors in pipeline development of utility-scale energy storage solutions.
Today, Recurrent announced the acquisition of two standalone energy storage projects from Black Mountain Energy Storage. The projects, which are in the South Load Zone of the Texas ERCOT market, are each anticipated to store up to 200 MWh of energy.
Black Mountain Energy (BME) reportedly achieved several key milestones for its Valhalla gas project during the June quarter — its second quarter since listing on the ASX. The company was admitted to the official list of the ASX on December 23, 2021 after completed an IPO which raised $11 million.
Black Mountain Energy successfully completed an A$11 million IPO via the issue of 55 million shares at A$0.20/share. Executive Chairman Rhett Bennett said, “We are excited to bring our expertise to Australia and champion the effort to deliver responsibly developed and environmentally conscious natural gas supply.”
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