In a strategic move toward bolstering sustainable investing solutions, UBS Asset Management has inked a significant agreement with Habitat Energy, a leading optimization service provider. The deal entails the optimization of 730MW of battery storage assets situated in Texas, United States.
Scheduled for commercial operations from August to December of this year, the four standalone projects are poised to inject invaluable flexibility into the Electric Reliability Council of Texas (ERCOT) grid, enhancing its resilience and efficiency.
According to Habitat Energy US managing director Michael Kirschner, the partnership signifies a pivotal juncture for both entities. He stated, “We are delighted to announce this partnership with UBS Asset Management and look forward to demonstrating our market leading capabilities to optimize revenues for our partner.”
The selection of Habitat Energy by UBS Asset Management follows a rigorous assessment of optimization service providers in the market, reflecting Habitat Energy's innovative approach and proven track record.
Ken-Ichi Hino, Senior portfolio manager, energy storage, at UBS Asset Management, echoed enthusiasm about the collaboration, emphasizing, “The partnership with Habitat Energy marks another important step in the execution of UBS Asset Management's energy storage investment strategy.”
With Habitat Energy now contracted for 1GW, the company's global portfolio of assets under contract surpasses 2GW, consolidating its position as a prominent player in the energy optimization landscape.
The ambitious venture aligns with UBS Asset Management's infrastructure business expansion, aimed at providing clients with sustainable investing solutions. It underscores the increasing emphasis on environmentally conscious investment practices within the financial sector.
Habitat Energy, a portfolio company of Quinbrook Infrastructure Partners, brings forth a novel and innovative optimization approach to the ERCOT market, poised to enhance revenue generation and operational efficiency for its partners.
