ING Finances 120MW/480MWh Alamo City Battery Storage Project
ING•ING Capital is providing construction financing for the 120MW/480MWh Alamo City Battery Energy Storage System that will power 30,000 homes for four hours. The facility, developed by OCI Energy under a long-term storage capacity agreement with CPS Energy, is expected online in 2027.
1. Project Overview
The Alamo City Battery Energy Storage System is a 120MW/480MWh standalone facility under construction in southeastern Bexar County, designed to power approximately 30,000 homes for four hours during peak demand periods.
2. ING’s Financing Role
ING Capital is providing the construction financing for the project while OCI Energy retains ownership under a long-term storage capacity agreement and CPS Energy holds operational control to serve the San Antonio region.
3. Timeline and Future Operations
Groundbreaking occurred in May 2026, with commercial operation expected in 2027, marking one of the largest energy storage projects in the region and enhancing grid resilience and efficiency.
