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Stock impact report

Nofar and Qcells to develop 350MW energy storage projects in Texas [Yahoo! Finance]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: Yahoo! Finance
The two projects, Bracero Pecan and Fairway, will have a combined capacity of 350MW and a total output of 700 megawatt hours (MWh). Bracero Pecan, with a capacity of 230MW/460MWh, is located in Reeves County while Fairway, with a capacity of 120MW/240MWh, is located in Freestone County. The projects are in the final stages of interconnection approvals. They are strategically positioned to enhance grid resiliency and support Texas' renewable energy landscape. Bracero Pecan will connect to American Electric Power (AEP) and Fairway will connect with Oncor Electric Delivery Company (Oncor). The partnership brings together Qcells' development expertise with Nofar's financial and operational strengths. Qcells USA president IP Kim stated: “We are proud to collaborate on creating an opportunity to advance Nofar USA in the US. These projects will bring a host of benefits to the Texas power grid, and to the markets where they will be built.” Qcells has originated and developed the Show less Read more
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