Xcel Energy CapacityConnect Phase 2 — 50–200 MW utility-owned battery storage program, $430M budget, approved by Minnesota PUC on April 8, 2026
Minnesota Public Utilities Commission approved Xcel Energy's CapacityConnect Phase 2 program for 50–200 MW of utility-owned BESS at an approximate $430M budget. Commission deferred virtual power plant (VPP) decisions. Xcel must submit an evaluation plan within 180 days. Industry groups criticized the utility-owned BESS model versus third-party procurement.
$430M
Deal Value
200MW
Capacity
Battery Storage
Technology
MN
Location
Deal Details
- Deal Type
- Regulatory Approval
- Seller / Sponsor
- Xcel Energy
- Deal Value
- $430M
- Stage
- Permitted / Development
- ISO/RTO
- MISO
- Source
- pv magazine USA
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