Unlocking the Grid of Tomorrow. Key Capture Energy is a leading developer … Contact online >>
Unlocking the Grid of Tomorrow. Key Capture Energy is a leading developer
25 Monroe Street, Suite 300 Albany, NY 12210. 516-279-2955;
A large-scale energy storage independent power producer (IPP), Key Capture
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Key Capture Energy has closed with SK E&S as our new majority owner, accelerating our mission to transition us to the electric grid of tomorrow.
KCE has 274 megawatts (MW) of standalone energy storage projects in construction and operations, a development pipeline of 3,000 MW, and increasingly advanced algorithms for participating in North America''s most promising energy storage markets. The SK E&S-KCE partnership is strengthened by the diversity of each company: SK E&S has expertise in battery storage and the global energy market, while KCE brings deep expertise and capabilities in project development, construction, operations and software development.
KCE welcomes Jeong Joon Yu, Joseph J. Park and Kyungyeol Song to the KCE Board of Directors, joining KCE CEO Jeff Bishop and COO Dan Fitzgerald. Jeong Joon Yu is Vice Chairman and CEO of SK E&S. Joseph J. Park is Head of Global Business Development and Investment at SK E&S. Kyungyeol Song is Head of Quantum Growth TF at SK E&S, leading a special task force for developing growth opportunities in new energy sectors. Their guidance and counsel will be tremendously helpful as we embark on our growth strategy in the coming years.
Both SK E&S and KCE are driven by the desire to build a better and cleaner energy future. Our shared culture of collaboration and teamwork, hard work coupled with a healthy work-life balance, and delivery of world class customer service is founded on our intense belief that we have a responsibility to improve our environment and our communities, both locally and globally.
We look forward to building on our success andcollaboratingwith SK E&S as we help lead the North American energy transition.
Albany, NY – May 8, 2024 – Key Capture Energy, LLC ("KCE"), a leading developer, owner andoperator of battery energy…
Q: Welcome to Key Capture Energy Brian! Tell us a bit about your background and yourself. I am glad to…
Albany, NY – January 4, 2024 – Key Capture Energy, LLC ("KCE"), a leading developer, owner and operator of battery…
SK E&S는 미국의 그리드솔루션(Grid Solution) 기업 Key Capture Energy(이하 KCE)의 지분 약 95%를 인수해 경영권을 확보했다고 9일 밝혔다.
KCE는 현재 약 3GW의 ESS(Energy Storage System) 프로젝트 포트폴리오를 구축한 미국 그리드솔루션 선도기업이다. 뉴욕과 텍사스주를 중심으로 사업을 하고 있으며 향후 미국 북동부와 중부지역 및 캘리포니아 등으로 시장을 확대할 계획이다.
SK E&S는 추가 성장자금 투자 및 사업모델 고도화 등을 통해 2025년까지 KCE를 미국 내 1위이자 글로벌 수위권 기업으로 성장시킨다는 계획이다. 향후 2~3년 동안 KCE 경영권 인수와 신규 프로젝트 추진 등에 6억달러를 투자하기로 했다.
그리드솔루션은 송전망과 배전망에 연계된 ESS를 인공지능(AI)기술과 접목시켜 전기 공급을 일정하게 유지하도록 하는 에너지 분야의 신산업을 일컫는다. 재생에너지를 통한 전력공급이 들쭉날쭉해도 안정적으로 전기를 공급하며, ESS에 저정된 전기를 가격이 높은 시간대에 판매할 수도 있다.
글로벌 컨설팅업체 우드맥킨지에 따르면 세계 최대 시장인 미국의 ESS 기반 그리드솔루션 산업은 2021년 약 6GW 규모에서 연평균 60% 이상 성장해 2030년에는 76GW규모가 될 것으로 예상된다.
유정준 SK E&S 부회장은 "KCE의 에너지 솔루션 서비스를 통해 잉여 전기를 활용하는 등 전기 공급의 효율성을 높이고, 소비자의 효율적 전기 사용을 극대화한다면 온실가스 감축에도 크게 기여할 수 있을 것으로 기대한다"고 말했다.
Update 10 September 2021: A Key Capture Energy representative told Energy-Storage.news that SK E&S anticipates investing a billion US dollars into KCE. The representative said that the money will go towards building the team and developing, constructing and operating projects in KCE’s growing pipeline of projects around the country.
SK E&S is an affiliate of major Korean conglomerate SK Group and is involved in everything from shale gas and LNG power plants to hydrogen and renewable energy. The company''s renewable energy investments in the US include a joint venture (JV) with residential solar and energy storage install and leasing company Sunrun and the acquisition of a 345MWh portfolio of behind-the-meter BESS projects in Los Angeles which is managed by Stem Inc total, in Korea and the US, SK E&S operates around 700MWh of energy storage so far.
Having made those investments into the residential and commercial & industrial (C&I) segments of the US market, SK E&S is now set to acquire a majority stake in Key Capture Energy''s utility-scale business. The transaction remains subject to regulatory approvals and deal terms and is expected to close in the fourth quarter of this year.
"SK E&S’s investment marks their confidence in our team, our strategy, and in the tremendous potential of the US energy storage market, which is estimated to be a US$8.5 billion annual market in 2026," Key Capture Energy (KCE) co-founder and CEO Jeff Bishop said, welcoming the new owners.
Bishop has been interviewed for this site a few times on KCE''s projects and market strategies. Speaking with Energy-Storage.news in a piece published last month, the CEO explained that KCE likes to find opportunities in US states that others might have overlooked, as well as targeting the more well-known markets like ERCOT in Texas.
KCE, founded in 2016, has 254MW of standalone BESS projects in construction or already in operation, with a development pipeline of 3GW, aiming to have 1GW online in Texas, New York and New England by 2023, with a variety of different types of offtaker contract. It raised US$93.3 million in debt financing towards a 230MW portfolio of six projects in Texas towards the beginning of this year, three of which are already operational and the other three under construction. In New York, Bishop told Energy-Storage.news KCE expects to build about 400MW to 500MW of projects in the 2023 – 2024 timeframe.
While the bulk of the developer''s new builds in the near future will be in those two markets, Jeff Bishop said the company also wants to be early in markets that will be "dominant in three to five years," such as parts of MISO, the system operator jurisdiction which serves all or portions of 15 US states and Manitoba in Canada. More generally, he said that states which are retiring coal power plants en masse are of increasing interest: KCE has signed a deal to put a 20MW BESS on the site of a coal plant in Maryland for independent power producer (IPP) Talen Energy, for example.
The acquisition by SK E&S will enable the developer to accelerate its growth plans while giving its new owner access to the US market that enables it to build an energy storage and clean energy platform.
"KCE’s impressive team with deep expertise in energy storage coupled with their proven project development, construction and operations capabilities opens the door to tremendous opportunities to advance the energy transition. This acquisition further aligns our business with the ongoing shift towards a cleaner energy future, and we are excited to leverage our resources together with KCE to build a next generation market-leading platform in the energy solution sector in the US," SK E&S representative Kyungyeol Song said.
Another SK Group company, SK Innovation, makes lithium-ion batteries and is building two battery gigafactories in the US state of Georgia, as well as having formed a partnership with US energy storage system integration solutions and services company IHI Terrasun earlier this year that could see SK batteries used in IHI Terrasun projects from next year.
Renewable Energy Veteran Joins KCE as Company Poised for Growth
Article from Business Wire
ALBANY, N.Y.–(BUSINESS WIRE)–Key Capture Energy, LLC ("KCE"), a leading developer, owner and operator of battery energy storage systems in the United States, together with its owner, SK E&S Co., Ltd. ("SK E&S"), a global clean energy & solutions provider headquartered in South Korea, announced today that renewable energy industry veteran Brian Hayes will become the company''s new CEO on January 8, 2024.=
"Throughout my career I’ve watched battery energy storage go from a hypothetical technology to being installed in markets across the country," said Brian Hayes, KCE''s incoming CEO. "Energy storage will be critical for transforming the grid of today to the renewable energy enabled grid of tomorrow. I am excited to be joining KCE to support its vital mission of providing the grid with the flexibility and reliability it needs. I can''t wait to get started with this industry-leading team."
Brian Hayes joins KCE from EDP Renewables as the current Executive Vice President of Asset Operations & Transmission, managing a team of 500 employees. Since joining the company, then Horizon Wind, in 2006, Brian''s managed portfolio has grown from 500 MW to over 9,000 MW of clean energy projects. Brian holds a Bachelor of Science in industrial engineering from Texas A&M University and a Master of Business Administration from Duke University''s Fuqua School of Business.
"Since purchasing KCE in 2021, we have been focused on becoming the most innovative battery energy storage company in the United States," said Kyungyeol Song, Chief Operating Officer of Passkey, Inc., a wholly-owned subsidiary of SK E&S. "Brian is joining the KCE team at an opportune time. His decades of experience building and leading teams in the renewable energy industry make him an ideal fit for KCE''s next phase of growth in the years ahead. I also want to thank Jeff Bishop for his leadership of KCE during SK E&S''s two years of ownership, during which operational capacity has increased eightfold and the development portfolio has grown to over 9,000 megawatts across the United States."
"In 2016, Dan Fitzgerald and I started Key Capture Energy to build the grid of tomorrow, today," said Jeff Bishop, KCE''s co-founder and CEO. "With over 600 MWs of battery storage projects in construction and operations, the KCE team started small, learned and grew. Now, Key Capture Energy is ready for its next stage of growth. It''s been the privilege of my lifetime to help grow a rockstar team and a new industry. There is no one better than Brian to carry on the mission."
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