NEWS
East Point Energy in the Press and Out in the World
East Point Energy Announces Inaugural Energy Storage Projects in Texas
April 11, 2024
Photo Credit: East Point Energy
CHARLOTTESVILLE, Va.– East Point Energy, an Equinor Company, has announced the start of construction of Sunset Ridge Energy Center (Sunset Ridge) in Frio County, Texas, as well as the final investment decision of the Citrus Flatts Energy Center (Citrus Flatts) in Cameron County, Texas.
East Point Energy Developed Project Becomes Virginia’s Largest Operational Energy Storage Facility
December 8, 2023
Photo courtesy of Dominion Energy
East Point Energy, a development firm focused on the origination, construction, and operation of energy storage projects, sold the project to Dominion Energy Virginia in September 2021, prior to their acquisition by Equinor. Located in Chesterfield County, Dry Bridge is an essential component of Dominion Energy’s commitment to clean energy. Under the Virginia Clean Economy Act, 100% of Dominion’s electricity sales will come from clean energy sources by 2045.
East Point Energy Joins Green Business Alliance
May 15, 2023
East Point Energy, a wholly owned subsidiary of Equinor, recently joined the second cohort of the Green Business Alliance, a project of the Community Climate Collaborative (C3). C3 is an organization based out of Charlottesville, VA that helps people and businesses take action and lead on climate through the organization’s programs, policy research, and advocacy. East Point joins nine other local Charlottesville organizations and companies in this cohort, which represents a collective commitment to reduce emissions and advance our economy for a clean energy future.
East Point Energy Announces Project Acquisition Program
January 24, 2023
East Point Energy has announced the launch of its Project Acquisition Program. The company has a strategy to acquire standalone energy storage, solar, and solar plus storage projects in the United States. Initially, the company will favor standalone storage projects that can achieve commercial operation in 2024 and 2025 in ERCOT, PJM, NYISO, and ISONE, but will review and consider projects in all power markets.
East Point Energy Listed as One of the Top Ten Energy Storage Companies to Watch in 2023
January 13, 2023
East Point Energy has been highlighted by Tamarindo’s Energy Storage Report as one of the top ten energy storage companies to watch is 2023. This mirrors our own excitement about all that East Point will be creating and achieving in the year ahead.
Dominion Energy Acquires Second Energy Storage Project from East Point Energy
October 18, 2022
East Point Energy announced the sale of the Shands Energy Storage project to Dominion Energy Virginia, one of the nation’s largest utilities. At 15.7 megawatts(MW)/62.8 megawatt-hours (MWh), Shands will be one of the largest standalone storage projects in Virginia when it becomes operational in 2025. Located in Sussex County, Shands will enhance local grid reliability and serve as an essential component of Dominion Energy’s 100% clean energy future.
Learn more in Dominion Energy’s article about purchasing the project.
East Point Energy’s Tyler Cline Facilitates Discussion at RE+
September 20, 2022
East Point Energy’s Director of Project Development, Tyler Cline, facilitated the panel discussion “Contract Structures for Standalone Storage Projects” at the 2022 RE+ Conference in Anaheim, California. He was proud to be joined by industry partners Colleen Campbell of FlexGen and Christopher Hoy of SunGrid.
East Point Energy Acquired by Equinor
July 12, 2022
East Point Energy is thrilled to announce that we have been acquired by and will operate as a fully-owned subsidiary of Equinor. Please join us in celebrating this momentous occasion and our bright future ahead as we work together to enable a more renewable, resilient, and affordable grid. Many thanks to Marathon Capital for advising us throughout this process.
In the words of our CEO Andrew Foukal, “When we set out to find a capital partner, first and foremost, we were looking for a strategic and cultural fit. The Equinor team understands our business and the critical importance of energy storage. They have established a significant presence in the U.S. and are dedicated to long-term growth. This is a great opportunity for both teams, as well as our project partners going forward.”
Learn more from Equinor.
Click below to read the piece in Utility Dive about this exciting news.
East Point Energy Sells 100 Megawatt Battery Energy Storage Project to Aypa Power
March 1, 2022
East Point Energy announced the sale of the Yadkins Energy Storage project to Aypa Power, a Blackstone portfolio company and developer, as well as owner and operator of energy storage and hybrid generation assets. The project will increase grid resilience and is well-sited to support the Hampton Roads load growth and planned offshore wind interconnecting nearby.
Learn more in Aypa Power’s article about purchasing the project.
East Point Energy’s Justin Painter Moderates Panel at 2021 North America Smart Energy Week
September 23, 2021
East Point Energy’s Director of Origination, Justin Painter, moderated the panel “The Pros and Cons of Utility Ownership vs. Third Party Ownership” as part of Solar Power International’s North America Smart Energy Week. The panel included Ricky Elder III of Dominion Energy and Peter Muhoro of Rappahannock Electric Cooperative. Watch a recording of this panel below.
What Happens When the Sun Isn’t Shining? Virginia’s Need for Renewable Backups
September 27, 2021
East Point Energy CEO, Andrew Foukal, is featured in this piece by Virginia Public Radio. Foukal says large-scale battery projects are one solution to the challenges produced by the intermittent nature of solar and wind power.
East Point Energy Sells 20 Megawatt Battery Energy Storage Project to Dominion Energy
September 16, 2021
East Point Energy announced the sale of the Dry Bridge Energy Storage project to Dominion Energy Virginia. The project is expected to be the largest battery energy storage project in Virginia when it becomes operational in 2022.
Learn more in Dominion Energy’s article about purchasing the project.
Rappahannock Electric Cooperative Installs Battery Energy Storage Project with the Support of East Point Energy
March 19, 2021
Rappahannock Electric Cooperative has partnered with East Point Energy, Powin Energy, and Indie Energy to design and install the electric cooperative’s first battery energy storage system. Check out this short video they made about the project:
East Point Energy’s Andrew Foukal speaks about Energy Storage in the Southeast
November 19, 2020
Andrew Foukal (CEO) represented East Point Energy in the Southeast Renewable Energy Conference, hosted by Infocast. Foukal participated in a panel discussion “Perspectives on Energy Storage in the Southeast,” which also included Ron DiFelice of Energy Intelligence Partners (EIP), Tim Jarrell of Cobb EMC, and Laurel Meeks of Duke Energy Corporation.
East Point Energy presents as part of the Virginia Clean Energy Summit and the North America Smart Energy Week
October 20 & 21, 2020
Andrew Foukal (CEO) represented East Point Energy in two separate conferences this week, speaking about energy storage in East Point’s home state of Virginia and about the benefits of battery energy storage vs. natural gas peakers. Foukal participated in the Virginia Clean Energy Summit on October 20th, speaking on the panel “Energy Storage in Virginia.” Foukal was joined on this panel by Ricky Elder of Dominion Energy, Michael Herbert of Delorean Power, and Nitzan Goldberger of Borrego Solar Systems. Ricky Elder (Dominion Energy) and Foukal teamed up again on October 21st, presenting as part of Solar Power Events North America Smart Energy Week 2020. Their presentation was titled “Front-of-the-meter Battery Storage vs Natural Gas Peakers: How will Utilities Manage Peak Load Going Forward?”
Groundbreaking Battery Storage Project Launched
August 18, 2020
Rappahannock Electric Cooperative and East Point Energy, a leading energy storage project developer, have announced commencement of the first grid-scale energy storage project by a Virginia electric cooperative. The project has a peak capacity of 2 megawatts and a duration of 8 megawatt hours, or enough to power about 1,000 homes for 8 hours. Construction is expected to begin this fall, with full operation starting in early 2021.
East Point Energy presents in Annual Energy Storage Association Conference
August 25, 2020
Andrew Foukal (CEO) represented East Point Energy for the Annual Conference and Expo: Electrification and Resilience, hosted by the U.S. Energy Storage Association (ESA). Foukal participated in a panel titled “Staying Power: Storage for Resilience,” which also included Zachary Kuznar of Duke Energy, and Michael Maiello of Energy Storage Systems.
Read more about the panel discussion and Andrew Foukal’s comments on resilience valuation in the brief published by Utility Dive that is linked below.
East Point Energy presents in Clean Energy Virginia Webinar Series
August 6, 2020
Richard Russell (Project Developer) represented East Point Energy for the VA Clean Energy Virginia Storage Webinar series hosted by the VA Department of Mines, Minerals, and Energy. Russell covered East Point’s exciting projects and identified some key issues hindering project development within the Commonwealth of Virginia. Thank you to Virginia Department of Mines, Minerals, and Energy for hosting the event, and the other organizations involved, including the U.S. Energy Storage Association (ESA).
You can find Russell’s presentation at 1 hour 5 minutes into the webinar recording linked below.
East Point Energy presents in ElecriCities of NC Connections Summit
February 20, 2020
East Point Energy CEO, Andrew Foukal, participated in the ElectriCities of NC Connections Summit in Cary, North Carolina. Foukal spoke about why and how battery energy storage works for municipal utilities today.
You can view Foukal’s powerpoint for the presentation linked below.
NEWS
East Point Energy in the Press and Out in the World
East Point Energy Developed Project Becomes Virginia’s Largest Operational Energy Storage Facility
December 8, 2023
Photo courtesy of Dominion Energy
East Point Energy, a development firm focused on the origination, construction, and operation of energy storage projects, sold the project to Dominion Energy Virginia in September 2021, prior to their acquisition by Equinor. Located in Chesterfield County, Dry Bridge is an essential component of Dominion Energy’s commitment to clean energy. Under the Virginia Clean Economy Act, 100% of Dominion’s electricity sales will come from clean energy sources by 2045.
East Point Energy Joins Green Business Alliance
May 15, 2023
East Point Energy, a wholly owned subsidiary of Equinor, recently joined the second cohort of the Green Business Alliance, a project of the Community Climate Collaborative (C3). C3 is an organization based out of Charlottesville, VA that helps people and businesses take action and lead on climate through the organization’s programs, policy research, and advocacy. East Point joins nine other local Charlottesville organizations and companies in this cohort, which represents a collective commitment to reduce emissions and advance our economy for a clean energy future.
East Point Energy Announces Project Acquisition Program
January 24, 2023
East Point Energy has announced the launch of its Project Acquisition Program. The company has a strategy to acquire standalone energy storage, solar, and solar plus storage projects in the United States. Initially, the company will favor standalone storage projects that can achieve commercial operation in 2024 and 2025 in ERCOT, PJM, NYISO, and ISONE, but will review and consider projects in all power markets.
East Point Energy Listed as One of the Top Ten Energy Storage Companies to Watch in 2023
January 13, 2023
East Point Energy has been highlighted by Tamarindo’s Energy Storage Report as one of the top ten energy storage companies to watch is 2023. This mirrors our own excitement about all that East Point will be creating and achieving in the year ahead.
Dominion Energy Acquires Second Energy Storage Project from East Point Energy
October 18, 2022
East Point Energy announced the sale of the Shands Energy Storage project to Dominion Energy Virginia, one of the nation’s largest utilities. At 15.7 megawatts(MW)/62.8 megawatt-hours (MWh), Shands will be one of the largest standalone storage projects in Virginia when it becomes operational in 2025. Located in Sussex County, Shands will enhance local grid reliability and serve as an essential component of Dominion Energy’s 100% clean energy future.
Learn more in Dominion Energy’s article about purchasing the project.
East Point Energy’s Tyler Cline Facilitates Discussion at RE+
September 20, 2022
East Point Energy’s Director of Project Development, Tyler Cline, facilitated the panel discussion “Contract Structures for Standalone Storage Projects” at the 2022 RE+ Conference in Anaheim, California. He was proud to be joined by industry partners Colleen Campbell of FlexGen and Christopher Hoy of SunGrid.
East Point Energy Acquired by Equinor
July 12, 2022
East Point Energy is thrilled to announce that we have been acquired by and will operate as a fully-owned subsidiary of Equinor. Please join us in celebrating this momentous occasion and our bright future ahead as we work together to enable a more renewable, resilient, and affordable grid. Many thanks to Marathon Capital for advising us throughout this process.
In the words of our CEO Andrew Foukal, “When we set out to find a capital partner, first and foremost, we were looking for a strategic and cultural fit. The Equinor team understands our business and the critical importance of energy storage. They have established a significant presence in the U.S. and are dedicated to long-term growth. This is a great opportunity for both teams, as well as our project partners going forward.”
Learn more from Equinor.
Click below to read the piece in Utility Dive about this exciting news.
East Point Energy Sells 100 Megawatt Battery Energy Storage Project to Aypa Power
March 1, 2022
East Point Energy announced the sale of the Yadkins Energy Storage project to Aypa Power, a Blackstone portfolio company and developer, as well as owner and operator of energy storage and hybrid generation assets. The project will increase grid resilience and is well-sited to support the Hampton Roads load growth and planned offshore wind interconnecting nearby.
Learn more in Aypa Power’s article about purchasing the project.
East Point Energy’s Justin Painter Moderates Panel at 2021 North America Smart Energy Week
September 23, 2021
East Point Energy’s Director of Origination, Justin Painter, moderated the panel “The Pros and Cons of Utility Ownership vs. Third Party Ownership” as part of Solar Power International’s North America Smart Energy Week. The panel included Ricky Elder III of Dominion Energy and Peter Muhoro of Rappahannock Electric Cooperative. Watch a recording of this panel below.
What Happens When the Sun Isn’t Shining? Virginia’s Need for Renewable Backups
September 27, 2021
East Point Energy CEO, Andrew Foukal, is featured in this piece by Virginia Public Radio. Foukal says large-scale battery projects are one solution to the challenges produced by the intermittent nature of solar and wind power.
East Point Energy Sells 20 Megawatt Battery Energy Storage Project to Dominion Energy
September 16, 2021
East Point Energy announced the sale of the Dry Bridge Energy Storage project to Dominion Energy Virginia. The project is expected to be the largest battery energy storage project in Virginia when it becomes operational in 2022.
Learn more in Dominion Energy’s article about purchasing the project.
Rappahannock Electric Cooperative Installs Battery Energy Storage Project with the Support of East Point Energy
March 19, 2021
Rappahannock Electric Cooperative has partnered with East Point Energy, Powin Energy, and Indie Energy to design and install the electric cooperative’s first battery energy storage system. Check out this short video they made about the project:
East Point Energy’s Andrew Foukal speaks about Energy Storage in the Southeast
November 19, 2020
Andrew Foukal (CEO) represented East Point Energy in the Southeast Renewable Energy Conference, hosted by Infocast. Foukal participated in a panel discussion “Perspectives on Energy Storage in the Southeast,” which also included Ron DiFelice of Energy Intelligence Partners (EIP), Tim Jarrell of Cobb EMC, and Laurel Meeks of Duke Energy Corporation.
East Point Energy presents as part of the Virginia Clean Energy Summit and the North America Smart Energy Week
October 20 & 21, 2020
Andrew Foukal (CEO) represented East Point Energy in two separate conferences this week, speaking about energy storage in East Point’s home state of Virginia and about the benefits of battery energy storage vs. natural gas peakers. Foukal participated in the Virginia Clean Energy Summit on October 20th, speaking on the panel “Energy Storage in Virginia.” Foukal was joined on this panel by Ricky Elder of Dominion Energy, Michael Herbert of Delorean Power, and Nitzan Goldberger of Borrego Solar Systems. Ricky Elder (Dominion Energy) and Foukal teamed up again on October 21st, presenting as part of Solar Power Events North America Smart Energy Week 2020. Their presentation was titled “Front-of-the-meter Battery Storage vs Natural Gas Peakers: How will Utilities Manage Peak Load Going Forward?”
Groundbreaking Battery Storage Project Launched
August 18, 2020
Rappahannock Electric Cooperative and East Point Energy, a leading energy storage project developer, have announced commencement of the first grid-scale energy storage project by a Virginia electric cooperative. The project has a peak capacity of 2 megawatts and a duration of 8 megawatt hours, or enough to power about 1,000 homes for 8 hours. Construction is expected to begin this fall, with full operation starting in early 2021.
East Point Energy presents in Annual Energy Storage Association Conference
August 25, 2020
Andrew Foukal (CEO) represented East Point Energy for the Annual Conference and Expo: Electrification and Resilience, hosted by the U.S. Energy Storage Association (ESA). Foukal participated in a panel titled “Staying Power: Storage for Resilience,” which also included Zachary Kuznar of Duke Energy, and Michael Maiello of Energy Storage Systems.
Read more about the panel discussion and Andrew Foukal’s comments on resilience valuation in the brief published by Utility Dive that is linked below.
East Point Energy presents in Clean Energy Virginia Webinar Series
August 6, 2020
Richard Russell (Project Developer) represented East Point Energy for the VA Clean Energy Virginia Storage Webinar series hosted by the VA Department of Mines, Minerals, and Energy. Russell covered East Point’s exciting projects and identified some key issues hindering project development within the Commonwealth of Virginia. Thank you to Virginia Department of Mines, Minerals, and Energy for hosting the event, and the other organizations involved, including the U.S. Energy Storage Association (ESA).
You can find Russell’s presentation at 1 hour 5 minutes into the webinar recording linked below.
East Point Energy presents in ElecriCities of NC Connections Summit
February 20, 2020
East Point Energy CEO, Andrew Foukal, participated in the ElectriCities of NC Connections Summit in Cary, North Carolina. Foukal spoke about why and how battery energy storage works for municipal utilities today.
You can view Foukal’s powerpoint for the presentation linked below.
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