Nestlé, a Swiss-owned company, has begun operations at the Stampede solar-plus-storage plant in Texas, with the sole tax equity investor of the project, and will acquire the renewable energy attributes from the solar PV plant. This is not the first time both companies have partnered with Enel North America and Nestlé for a solar-+-storage project in Texas. The project will add more power generation to the grid at a time when demand is increasing from electrification and data centers, and its flexible battery storage system will help stabilize the grid when conditions are tight. This follows a similar partnership between Enel and Nestle last year on the 208MW Ganado project in Jackson County, with an investment and 15-year power purchase agreement.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
