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Video gamers give 110-MW Texas solar project a financing boost
['Brian Martucci', 'Diana Digangi']
Utility Dive - Latest News
The voluntary, subscription-based offering allowed thousands of individual gamers to back a virtual power purchase agreement, or VPPA, for capacity at Mitsui & Co.’s ThreeW solar project south of Dallas, Ever.green and SuperPower said.
“There’s a lot of gamers out there, millions of them, and it's pretty energy intensive,” Eugster said.
ERCOT, again, is a prime example: Texas has nearly 30 GWh and counting of energy storage on its grid, according to the Solar Energy Industries Association.
The rapid battery buildout has dampened wholesale price volatility in recent years but challenged the economics of some proposed energy storage projects, Eugster said.
Like the gamer-backed VPPA, the West Texas wind farm transaction — which Ever.green says nearly doubled the facility’s capacity — included fractional commitments from small buyers.