Foss & Company Partners with Tokyo Gas America on 174 MW BESS Project Near Houston
Foss & Company, an institutional fund sponsor, has been named the exclusive tax equity provider for the Longbow Battery Energy Storage System (BESS) project in Brazoria County, Texas, near Houston. This project represents $118.5 million in Investment Tax Credits (ITCs) for Foss & Company.
Longbow BESS is a standalone BESS project featuring a capacity of 174 MW and 384 MWh. The project is being developed by Clean Capital Partners and is owned by Tokyo Gas America.
Longbow aims to benefit from the high volatility and arbitrage potential in the ERCOT-Houston region, and construction will commence in Q1 of 2024 with a targeted Commercial Operation Date in the summer of 2024.
“Longbow BESS represents a significant step forward in our commitment to providing clean and reliable energy solutions,” said Ken Kiriishi, SVP of Tokyo Gas America. “We aim to contribute to the sustainable energy future of the ERCOT-Houston region, delivering innovative and reliable power solutions to meet the growing demands of the market.”