Blackstone-owned Aypa Power acquires 268MW BESS projects in Indiana MISO territory
Detail of an Aypa Power BESS project in Virginia, US. Image: Aypa Power.
Developer Aypa Power has bought two “late-stage development” battery storage projects in Indiana, US, from Blue Steel Power.
Aypa Power develops utility-scale energy storage and hybrid renewables-plus-storage projects to own and operate. It said earlier this week (1 March) that it has acquired the Williams Power 150MW battery energy storage system (BESS) project in Indiana’s Jefferson County, and Fletcher Power, a 118MW project in Decatur County. Energy capacity figures in megawatt-hours (MWh) were not provided in an announcement.
Aypa will take over development of the Indiana projects from Blue Steel. Eolian CEO Aaron Zubaty said Open Road and Eolian originated the projects in 2018 anticipating, “the need to add flexible, dispatchable resources to MISO”. Conditional use permits for the sites were granted in late 2022, Zubaty said.
“With anticipated shortfalls in capacity resources in MISO, developing and operating the Williams and Fletcher projects will be critical to efficiently improving grid resiliency,” Aypa Power CEO Moe Hajabed said.