PNM-IA-PNM-2023-11
500 MW storage in Valencia, NM · In queue since January 2023 · Proposed COD May 2026
500 MW
Capacity
1
Components
Battery
3y 6m
In Queue
Cluster Study
IA Phase
COD target: 2026
Total Duration
3y 4m
Schedule
2 months past proposed COD
Study Phase
TRANSITIONAL CLUSTER
Interconnection request submitted to ISO/RTO
Project undergoes interconnection studies to assess grid impact.
Typical: 18–36 months
Interconnection agreement not yet executed
Typical: 30–60 days (negotiation)
Proposed COD: 2026-05-01
PNM-IA-PNM-2023-11 is a proposed 500 MW battery storage project located in Valencia County, New Mexico. The project is in the Public Service Company of New Mexico (PNM) interconnection queue, under queue ID PNM-IA-PNM-2023-11, with an entry date of January 3, 2023. The proposed commercial operation date is May 1, 2026. The point of interconnection is the Hidden Mountain 345 kV Substation.
The project's interconnection status is currently in the System Impact Study phase. Recent news coverage indicates public interest in the development of grid-scale battery storage in the region.
Generated from interconnection queue and public data sources
Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. Powered by InfraSure's development-stage modeling stack.
See the full development-risk decomposition for this project.
State
NM
County
Valencia
Grid Region
Mountain West
Market
—
Developer
—
Utility
Public Service Company of New Mexico
Entity
PNM
Service Type
ERIS
Point of Interconnection
Hidden Mountain 345 kV Substation
Data Source
LBNL
Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.
See the full risk decomposition + scenarios for this project.
Forward generation outlook — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. Powered by InfraSure's generation modeling stack.
See the full forecast + scenario decomposition for this project.
Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. The bankability view that determines whether the deal clears its covenants once online. Powered by InfraSure's asset cashflow stack.
See the full revenue + DSCR projection for this project.
- ISO / RTO
- MOUNTAIN_WEST
- Trading Hub
- FOURCORNERS
- Hub Confidence
- UNKNOWN
This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.
No Ask reports yet for this entity.
Ask about Project PNM-IA-PNM-2023-11Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.
