This Week In Energy Transition - Battery Storage Powers Forward With Project Alamo City

OCI Energy has secured construction financing for Project Alamo City, a significant battery energy storage system in Texas, marking a notable development in the energy transition sector. The project, supported by ING's construction-to-term loan and related financing solutions, is set to enhance grid stability with a capacity of 120 MW and a 4-hour duration. This development underscores the growing importance of collaborative and innovative financing mechanisms in advancing clean energy infrastructure. Project Alamo City, a collaboration with CPS Energy, aims to bolster long-term energy reliability and exemplifies the strategic deployment of battery storage technology for grid strengthening.

In other trading, Adani Power (NSEI:ADANIPOWER) was a notable mover up 20% and ending the day at ₹170.25, a new 52-week high. Meanwhile, SICC (SHSE:688234) trailed, down 4.8% to finish the session at CN¥83.37.

Adani Power's strategic expansion and stable PPAs position it to benefit from India's rising energy demand. Discover more about Adani Power's potential in our in-depth narrative.

Best Energy Transition Stocks

• IREN (NasdaqGS:IREN) ended the day at $41.90 up 8.4%, hovering around its 52-week high. On Monday, IREN announced an expansion of its AI Cloud capacity to 23k GPUs, targeting over $500 million in annualized run-rate revenue by early 2026.
• Applied Materials (NasdaqGS:AMAT) finished trading at $200.52 up 5.5%. This week, Applied Materials collaborated with JBD and RayNeo to achieve a breakthrough in display quality for full-color waveguide AR glasses, enhancing visual performance and user experience.
• Tesla (NasdaqGS:TSLA) finished trading at $434.21 up 1.9%. This week, Tesla faced an investor proposal for a child labor audit at its annual shareholder meeting.

Make It Happen

• Jump into our full catalog of 182 Energy Transition Stocks, which includes Inner Mongolia Dian Tou Energy, UPM-Kymmene Oyj and Keppel, here.
• Curious About Other Options? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "OCI Energy and ING finalize construction financing for a major battery project in Texas" from OCI Energy on GlobeNewswire (published 22 September 2025)

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