Alamo City Battery Storage Project Breaks Ground
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Source: Newsfilter
- Project Scale and Impact: The Alamo City Battery Energy Storage System (BESS) will feature a 120 MW / 480 MWh facility capable of powering approximately 30,000 homes for up to four hours, significantly enhancing the San Antonio area's electricity supply during peak demand periods.
- Construction Collaboration and Financing: OCI Energy is responsible for project development and financing, while CPS Energy will manage operational control; ING is providing construction financing, and LG Energy Solution Vertech is supplying the energy storage technology, ensuring smooth project execution and enhancing regional power system resilience.
- Strategic Significance: This project represents a substantial investment in the San Antonio power system, optimizing electricity supply methods to improve grid reliability and flexibility, thereby addressing the growing energy demand.
- Future Outlook: The Alamo City BESS is expected to enter commercial operation in 2027, marking a significant step towards a more reliable and flexible grid infrastructure, aligning with future energy development trends.
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About ING
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Construction Begins on Alexandria Crossing Luxury Apartments
- Project Launch: Quarterra and PGIM celebrated the groundbreaking of Alexandria Crossing, which will feature 385 luxury apartments designed to meet the needs of modern urban dwellers, likely enhancing the local real estate market's appeal.
- Environmental Commitment: The community is set to achieve National Green Building Standard Gold Certification, reflecting a commitment to sustainability that is expected to attract environmentally conscious tenants, thereby increasing the project's market competitiveness.
- Convenient Transportation: Located along US Route 1, Alexandria Crossing is just 0.8 miles from the Huntington Metro Station and adjacent to a future Bus Rapid Transit stop, significantly improving commuting conditions for residents and likely drawing more professionals to the area.
- Community Amenities: The project will offer high-end amenities, including 131 bicycle racks, 40 resident storage units, and an eight-level parking garage with 489 stalls, including eight EV charging spaces, aimed at enhancing residents' quality of life and convenience.
See More
Construction Begins on Alexandria Crossing Luxury Apartments
- Groundbreaking Ceremony: Quarterra and PGIM celebrated the groundbreaking of Alexandria Crossing, marking the official start of construction for a luxury apartment community that will provide 385 residential units to meet the needs of modern urban dwellers.
- Sustainability Commitment: The project is designed to meet the National Green Building Standard Gold Certification, reflecting the developers' commitment to environmental responsibility while enhancing the project's market appeal.
- Prime Connectivity: Located along US Route 1 and just 0.8 miles from the Huntington Metro Station, Alexandria Crossing offers convenient access to major employers like the National Science Foundation and Amazon HQ2, significantly increasing the area's residential attractiveness.
- Extensive Amenities: The development will feature high-end amenities such as a resort-style pool, fitness center, and dog park, aimed at fostering an active and social lifestyle for residents, thereby enhancing the apartment's competitive edge in the market.
See More
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- Voya Financial Underperformance: Voya Financial (VOYA) has shown only 5.5% annual revenue growth over the past two years, lagging behind its peers, and its tangible book value per share has declined by 13.1% over the last five years, indicating a lack of competitive strength in the financial sector.
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See More
Alamo City Battery Storage Project Breaks Ground
- Project Scale and Impact: The Alamo City Battery Energy Storage System (BESS) will feature a 120 MW / 480 MWh facility capable of powering approximately 30,000 homes for up to four hours, significantly enhancing the San Antonio area's electricity supply during peak demand periods.
- Construction Collaboration and Financing: OCI Energy is responsible for project development and financing, while CPS Energy will manage operational control; ING is providing construction financing, and LG Energy Solution Vertech is supplying the energy storage technology, ensuring smooth project execution and enhancing regional power system resilience.
- Strategic Significance: This project represents a substantial investment in the San Antonio power system, optimizing electricity supply methods to improve grid reliability and flexibility, thereby addressing the growing energy demand.
- Future Outlook: The Alamo City BESS is expected to enter commercial operation in 2027, marking a significant step towards a more reliable and flexible grid infrastructure, aligning with future energy development trends.
See More
Alamo City Battery Energy Storage Project Breaks Ground
- Project Scale and Impact: The Alamo City Battery Energy Storage System (BESS) will feature a 120 MW / 480 MWh facility capable of powering approximately 30,000 homes for up to four hours, significantly enhancing the San Antonio area's electricity supply during peak demand periods.
- Construction Launch and Collaboration: OCI Energy and CPS Energy officially commenced construction in Bexar County, marking the transition from development to build phase, reflecting collaborative efforts involving construction financing from ING and technology support from LG Energy Solution.
- Enhanced Energy System Resilience: The project aims to improve grid reliability during peak demand through flexible power supply methods, with OCI Energy's president stating that this milestone will make San Antonio's electric system more resilient and reliable.
- Long-term Value and Community Support: The Alamo City BESS is expected to enter commercial operation in 2027, and the successful implementation of the project will provide long-term power assurance for the local community, promote economic development, and enhance residents' quality of life.
See More
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- Buyback Program Overview: ING Group repurchased 600,000 shares on April 30, 2026, at an average price of €24.48, totaling €14,689,920, reflecting the company's proactive approach to capital management.
- Capital Reduction Objective: This buyback is part of a €1.0 billion program, with approximately 1.47% of the target completed to date, indicating the company's commitment to enhancing earnings per share through reduced share capital.
- Transparency and Disclosure: ING provides detailed daily share repurchase information and transaction reports on its website, enhancing investor transparency and boosting market confidence in the buyback initiative.
- Sustainability Commitment: ING emphasizes sustainability within its buyback strategy, aiming to integrate sustainable practices into its business model, thereby enhancing its appeal and reputation among investors.
See More
Construction Begins on Alexandria Crossing Luxury Apartments
- Project Launch: Quarterra and PGIM celebrated the groundbreaking of Alexandria Crossing, which will feature 385 luxury apartments designed to meet the needs of modern urban dwellers, likely enhancing the local real estate market's appeal.
- Environmental Commitment: The community is set to achieve National Green Building Standard Gold Certification, reflecting a commitment to sustainability that is expected to attract environmentally conscious tenants, thereby increasing the project's market competitiveness.
- Convenient Transportation: Located along US Route 1, Alexandria Crossing is just 0.8 miles from the Huntington Metro Station and adjacent to a future Bus Rapid Transit stop, significantly improving commuting conditions for residents and likely drawing more professionals to the area.
- Community Amenities: The project will offer high-end amenities, including 131 bicycle racks, 40 resident storage units, and an eight-level parking garage with 489 stalls, including eight EV charging spaces, aimed at enhancing residents' quality of life and convenience.
See More
Construction Begins on Alexandria Crossing Luxury Apartments
- Groundbreaking Ceremony: Quarterra and PGIM celebrated the groundbreaking of Alexandria Crossing, marking the official start of construction for a luxury apartment community that will provide 385 residential units to meet the needs of modern urban dwellers.
- Sustainability Commitment: The project is designed to meet the National Green Building Standard Gold Certification, reflecting the developers' commitment to environmental responsibility while enhancing the project's market appeal.
- Prime Connectivity: Located along US Route 1 and just 0.8 miles from the Huntington Metro Station, Alexandria Crossing offers convenient access to major employers like the National Science Foundation and Amazon HQ2, significantly increasing the area's residential attractiveness.
- Extensive Amenities: The development will feature high-end amenities such as a resort-style pool, fitness center, and dog park, aimed at fostering an active and social lifestyle for residents, thereby enhancing the apartment's competitive edge in the market.
See More
Analysis of Stocks Trading Near 52-Week Highs
- Voya Financial Underperformance: Voya Financial (VOYA) has shown only 5.5% annual revenue growth over the past two years, lagging behind its peers, and its tangible book value per share has declined by 13.1% over the last five years, indicating a lack of competitive strength in the financial sector.
- Nextpower Strong Market Performance: Nextpower (NXT) achieved a one-month return of 26.3%, with an impressive 19.3% annual revenue growth, suggesting it is gaining market share, while its free cash flow margin expanded by 25.3 percentage points over the past five years, providing flexibility for future investments and shareholder returns.
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- Market Confidence and Risks: While these stocks are trading near their 52-week highs, investors should exercise caution as short-term momentum does not always correlate with long-term success, particularly concerning Voya Financial's concerning performance, which may impact its future stock price.
See More
Alamo City Battery Storage Project Breaks Ground
- Project Scale and Impact: The Alamo City Battery Energy Storage System (BESS) will feature a 120 MW / 480 MWh facility capable of powering approximately 30,000 homes for up to four hours, significantly enhancing the San Antonio area's electricity supply during peak demand periods.
- Construction Collaboration and Financing: OCI Energy is responsible for project development and financing, while CPS Energy will manage operational control; ING is providing construction financing, and LG Energy Solution Vertech is supplying the energy storage technology, ensuring smooth project execution and enhancing regional power system resilience.
- Strategic Significance: This project represents a substantial investment in the San Antonio power system, optimizing electricity supply methods to improve grid reliability and flexibility, thereby addressing the growing energy demand.
- Future Outlook: The Alamo City BESS is expected to enter commercial operation in 2027, marking a significant step towards a more reliable and flexible grid infrastructure, aligning with future energy development trends.
See More
Alamo City Battery Energy Storage Project Breaks Ground
- Project Scale and Impact: The Alamo City Battery Energy Storage System (BESS) will feature a 120 MW / 480 MWh facility capable of powering approximately 30,000 homes for up to four hours, significantly enhancing the San Antonio area's electricity supply during peak demand periods.
- Construction Launch and Collaboration: OCI Energy and CPS Energy officially commenced construction in Bexar County, marking the transition from development to build phase, reflecting collaborative efforts involving construction financing from ING and technology support from LG Energy Solution.
- Enhanced Energy System Resilience: The project aims to improve grid reliability during peak demand through flexible power supply methods, with OCI Energy's president stating that this milestone will make San Antonio's electric system more resilient and reliable.
- Long-term Value and Community Support: The Alamo City BESS is expected to enter commercial operation in 2027, and the successful implementation of the project will provide long-term power assurance for the local community, promote economic development, and enhance residents' quality of life.
See More
ING Group Progress on Share Buyback Program
- Buyback Program Overview: ING Group repurchased 600,000 shares on April 30, 2026, at an average price of €24.48, totaling €14,689,920, reflecting the company's proactive approach to capital management.
- Capital Reduction Objective: This buyback is part of a €1.0 billion program, with approximately 1.47% of the target completed to date, indicating the company's commitment to enhancing earnings per share through reduced share capital.
- Transparency and Disclosure: ING provides detailed daily share repurchase information and transaction reports on its website, enhancing investor transparency and boosting market confidence in the buyback initiative.
- Sustainability Commitment: ING emphasizes sustainability within its buyback strategy, aiming to integrate sustainable practices into its business model, thereby enhancing its appeal and reputation among investors.
See More
