EAU CLAIRE, Wis.- (December 3, 2024) – Xcel Energy has filed an application with the Public Service Commission of Wisconsin to acquire, build and operate the Elk Creek Solar and Energy Storage Project located in the Town of Spring Brook in Dunn County. The project is currently owned by Tyr Energy Development Renewables, LLC (TED Renewables). If approved, this acquisition would mark a significant expansion in the solar energy delivered to Xcel Energy customers in the Upper Midwest.
Once operational, the Elk Creek Solar and Energy Storage Project will combine a 300-megawatt solar generating system with a 76.6-megawatt battery electric storage system – the first utility scale solar and battery project owned by Xcel Energy in Wisconsin. Adding battery energy storage to the electric grid provides flexibility to offer energy for use at times when generation is not otherwise available.
The Elk Creek project is expected to generate an estimated $1.6 million in annual payments to local units of government. In addition, the project will create about 300 jobs during the construction process.
“We are excited to move forward with the Elk Creek project which will use advanced solar and battery storage technologies to serve our customers,” said Karl Hoesly, president, Xcel Energy – Wisconsin and Michigan.
“TED Renewables is proud to be partnered with Xcel Energy and excited to see the Elk Creek project added to their renewable energy generation portfolio,” said Robert Shanklin, president and CEO of TED, “and we are deeply appreciative for the ongoing support from Elk Mound Area School District, the town of Spring Brook, and Dunn County. We look forward to seeing the project become operational in the next couple of years.”
Project Timeline:
October 2023: TED obtained Certificate of Public Convenience and Necessity from the Public Service Commission of Wisconsin
November 2024: NSPW applied for a Certificate of Authority from the PSCW to acquire the project from TED Renewables.
Fall 2026: If approved, begin construction
Fall 2028: Project completion
Learn more about the project - https://www.elkcreeksolarproject.com/about-us
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. With its Wisconsin and Michigan headquarters in Eau Claire, Wis., the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit www.xcelenergy.com or follow us on X (formerly known as Twitter) and Facebook.
About Tyr Energy Development Renewables, LLC (TED Renewables)
TED Renewables, a wholly-owned subsidiary of Tyr Energy, Inc., is a utility-scale project developer with a significant pipeline of projects across multiple U.S. markets. TED Renewables’ mission is to be a committed developer of clean, low carbon power generation assets recognized and respected for the creativity and integrity of our staff, the success of our business and the quality of our projects. TED Renewables brings value through a creditworthy, committed parent and investment partners, coupled with experienced and disciplined focus on target markets, customers and assets consistent with our growth strategy. TED Renewables is based in Overland Park, KS. For more information about TED Renewables, visit www.tedrenewables.com
From the Dunn County Facebook page.
