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Houston clean energy company goes online with Hawaii facility

Plus Power has announced its Oahu, Hawaii, facility is up and running. Photo via pluspower.com

Houston-based Plus Power announced it has begun operating a new facility on Oahu, Hawaii.

The Kapolei Energy Storage, or KES, facility is “the most advanced grid-scale battery energy storage system in the world,” which will help transition the state's electric power from coal and oil to solar and wind, according to the company.

The KES battery project is located on 8 acres of industrial land on the southwest side of Oahu near Honolulu, and will use 158 Tesla Megapack 2 XL lithium iron phosphate batteries. It will offer the grid 185 megawatts of total power capacity and 565 megawatt-hours of electricity. This will act as an electrical "shock absorber" that will be served by combustion-powered peaker plants to respond in 250 milliseconds according to Power Plus.

"This is a landmark milestone in the transition to clean energy," Brandon Keefe, Plus Power's executive chairman, says in a news release. "It's the first time a battery has been used by a major utility to balance the grid: providing fast frequency response, synthetic inertia, and black start. This project is a postcard from the future — batteries will soon be providing these services, at scale, on the mainland."

The KES plant interconnects three of Hawaiian Electric's critical power generation facilities, which can enable KES to support the reboot of power plants in the event of a state-wide emergency.The KES batteries will help replace the grid capacity formerly provided by an AES coal power plant.

By June 2024, Plus Power aims to operate seven large-scale battery energy storage plants across Arizona and Texas. Last year, the company secured $1.8 billion in new financing for a handful of ongoing projects — most of which are in Texas.

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A View From HETI

Shreyans Chopra, founder of Mstack, is celebrating the close of his company's $40 million series A. Photo courtesy of Mstack

Houston-based Mstack, whose platform helps manufacturers source specialty chemicals, has raised $40 million in a series A funding round.

Lightspeed Venture Partners and Alpha Wave Incubation led the round, which includes a debt facility from HSBC Innovation Banking and money from several angel investors.

In a news release, Mstack says the infusion of cash will enable it to “double down on its mission to disrupt a historically flawed supply chain for specialty chemicals.”

This “doubling down” will include expansion of Mstack’s footprint in the U.S., Middle East, Latin America, and Asia.

“Geopolitical dynamics pose risks for supply chain disruptions in the global specialty chemicals market,” Bejul Somaia, a partner at Lightspeed, says in a news release.

“With demand for these chemicals growing rapidly, there is a need to increase R&D investments and unlock new pockets of supply,” he adds. “As the first institutional investor in Mstack, we believe that the company has tremendous potential to lead this transformation.”

Mstack, founded in 2022, currently serves four business sectors: oil and gas, coatings, water treatment, and home and personal care. The funding will enable it to move into industry segments such as agrochemicals and pharmaceuticals.

The Mstack platform gives buyers a one-stop shop for sourcing, testing, shipping, delivering, and tracking specialty chemicals.

“This new funding affirms investor confidence in our vision and technology to transform global markets. It enables us to expand geographically and intensify our R&D efforts,” Mstack founder Shreyans Chopra says.

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This article originally ran on InnovationMap.

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