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Council approves three-year tax abatement for planned $160 million energy storage project
Summary
San Angelo approved a three-year tax abatement for Zeppelin Energy Storage LLC, offering up to 85% abatement on new city taxes for estimated $160 million in investment; council said the deal still yields a net benefit to the city over 10 years.
San Angelo City Council on a 7-0 vote approved a three-year tax abatement and held a public hearing for Zeppelin Energy Storage LLC, a company proposing a battery energy storage facility on the city's north side.
Michael Dane, interim economic development director, said the company plans to build a battery energy storage facility that would buy electricity when prices are low and discharge it when prices rise. Dane said Zeppelin estimates…
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