Reinvestment Zone Approved For Area Battery Storage Project
19 Aug 2024
News
The Hill County Commissioners Court met in regular session Tuesday, July 9, and approved a reinvestment zone and the proposed form of a tax abatement agreement for Hubbard Energy Storage II, LLC.
The reinvestment zone involves 10 acres east of Bynum that will be used for 100 megawatt battery storage of energy. Renewable energy battery storage systems are designed to improve the overall reliability of the electrical grid, storing power that can be provided when the sun goes down or when wind turbines aren't in use.
The company's projected capital investment for the battery project is $115 million, and it is expected to be operational by the first quarter of 2026.
Original article published here
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