TitleTexas - Borden - PP
Site Development StatusExpired
Lease or SaleLease or Sale
Site Available (Acres)160.0
Lease Rate, Year 1 Annual Escalator 
Sales Price Per Acre or Site 
SummaryThis site is exceptional for entry into the ERCOT market for stored energy.

Further, the energy storage resource can be configured such that all charging inflows are from wind or solar qualifying the asset for full ITC tax treatment.

The LMP area is likely to become more volatile as energy oversupplies during the weekend and undersupplies during the late afternoon create ever greater spreads between the buy and the sell over the trading week.

The site is 160 acres contiguous to the Long Draw Substation. This substation originates two (2) 345KV Lines and handles inflows of energy from two (2) 138KV lines on the low side:

2 x 345 KV Oncor Transmission Line, Terminates at the Substation, East Side.
1 x 138 KV WETT/Oncor Line, West Side of Substation, Southern Heading
1 x 138 KV WETT/Oncor Line, West Side of Substation, Western Heading

A 230 KV Line owned by LYNTEGAR ELECTRIC COOP, INC runs north-south to the west of the substation on the parcel but is not connected to it.

Lane Sharman interviewed the owner of the Long Draw Substation, Wind Energy Transmission Texas and its CEO, Wayne Morton. He also interviewed commercial officers and the head of engineering of the company.

Interviews Summary
The substation interconnects various solar and wind farms in this part of Texas to loads in East Texas. Many large, variable resources originating in West Texas have their point of interconnection at Long Draw.

The head of engineering saw no constraints for interconnecting a minimum of 200MW resource to the substation.
ERCOT shows that the region's LMP is very volatile (see Site Analytics). Thus, this parcel represents an ideal candidate to store and forward energy according to daily and seasonal price fluctuations. In addition, an energy storage facility can deliver required capacity and reserves required by ERCOT.

The ERCOT market and its daily price volatility (see Site Analytics) therefore make this site ideal for a very large energy storage system.

Parcel Summary
The parcel is 160 acres bounded by 1054 on the east and the substation. The parcel contains no subsurface exploration units. Some grading is required. There are no known environmental issues of concern.

See Site Analytics for artifacts associated with the property.
Latitude 
Longitude 
Infrastructure Mapping Information, Open Doorshttps://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8a2d459fc40d2cc07&find=32.721371,-101.63282
Site Image
KMZ FileTexas-Borden-NDA-Parcel.kmz
Term Sheet 
CountyBorden
StateTexas
Legal OwnerPrivate Party
DO NOT CONTACT
For Information
Lane Sharman +1-858-342-1415 lane.sharman@opendoors.com
Energy Community? 
AssignmentLane Sharman
Listing URLhttps://www.ragic.com/ozquantum/real-estate/6/7?embed&hidetop&embedEntry&rmlc=UJIq2A3f1kL5r20221212183709ozquantum%2Freal-estate%2F6
Local UtilityOncor
Interconnection BriefNone Provided
Owner & Site BriefOwner is a private investor.
Development BriefNone Provided
Site AnalyticsERCOT High Summer 2021.png, ERCOT Low Summer 2021.png
Listing Sequence Number7
Site Characteristics
TypeNotesMap URLImageFileCharacteristic SeqNbr
Transmission Line
Owner=Oncor
Size=345KV
End Point=Long Draw Substation

32.721842,-101.630734  00016
Substation IDOwner: Wind Energy Transmission Texas
6 345KV Lines
4 138KV Lines
67 Acres
Connects directly to Oncor and ERCOT

Interviewed CEO of WETT.

Interview with Antonio Ansede
VP, Engineering, WETT

Antonio's Main Points:2 solar farms connected to Long Draw during last year.
No constraints on the 345 KV lines downstream.
"do not foresee any problems" with a 250 MW Energy Storage Plant.
6 - 345 transmission lines
2 - 345 from wind farms
2  - 138 from solar farms
We know of no constraints upstream or down stream.
250 MW would not create a constraint situation.
The interconnection would be likely at the 345 side.
$120,000 Study cost to interconnect a 250MW energy storage asset at Long Draw.
https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8a2d459fc40d2cc07&find=32.721371-101.63282  00015