Project expands company's growing portfolio of zero-carbon power generation facilities
IRVING, Texas, June 7, 2022 /PRNewswire/ -- Vistra (NYSE: VST) today announced its Emerald Grove Solar Facility in Crane County, Texas, is online and generating electricity for summer. The 108-megawatt solar photovoltaic (PV) project is the third of seven new renewable and energy storage projects Vistra is bringing online across Texas over the next few years and the latest addition to the company's portfolio of zero-carbon power generation assets, known as Vistra Zero.
Vistra Zero projects completed and online in spring 2022 include:
Together with its existing emission-free generation assets, including the most efficient nuclear plant in the country – Comanche Peak Nuclear Power Plant, these projects bring the company's zero-carbon Vistra Zero portfolio to nearly 3,300 MW online, with plans to grow to more than 7,300 MW by 2026.
"With our Emerald Grove Solar Facility now online, Vistra has taken another important step in transitioning our fleet to cleaner electric generation," said Curt Morgan, CEO of Vistra. "In the two years since announcing a nearly $1 billion capital investment within ERCOT, our teams have executed with precision despite the challenges that exist today. We've shown that we can deliver the green energy alternatives many retail customers are looking for while providing affordable and reliable electricity to the growing Texas population."
Situated on 1,100 acres in Crane County, Emerald Grove is comprised of 316,416 photovoltaic solar panels that can generate enough electricity to power approximately 54,000 average residences in the ERCOT market during normal grid conditions. The facility's west Texas location allows the panels to take advantage of higher solar irradiance levels, increasing output just as demand climbs across the state.
"Emerald Grove is coming online in time to power Texas through what's predicted to be a record-breaking summer for energy use," said Jim Burke, Vistra president and chief financial officer. "Vistra's diverse set of power generation facilities allow us to combine battery storage and renewables, such as Emerald Grove, with dispatchable generation to provide lower-carbon, reliable electricity while maintaining grid resilience."
Emerald Grove Solar Facility utilizes solar panel technology from First Solar; Mortenson provided engineering and construction expertise.
For more information on Vistra Zero, click here.
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
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SOURCE Vistra Corp.