Vistra Completes Expansion of Battery Energy Moss Landing BESS

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Vistra Press Release
require great partners, such as Vistra, and PG&E will continue to seek out and work with the best and brightest to provide breakthrough clean energy solutions for our customers.”
Youngjoon Shin, senior vice president of ESS Business, LG Energy Solution: “As more intermittent resources integrate into power grids, the role of battery energy storage in supplying energy and ensuring grid reliability becomes even more important. On this note, Vistra’s effort towards transitioning to emission-free energy is vital, and LG Energy Solution hopes to make the transition a reality through advanced lithium-ion battery technology. As the world’s largest energy storage facility, Moss Landing is especially meaningful as it shows the dedication of both LG Energy Solution and Vistra to expanding eco- friendly renewable energy sources through energy storage technology.”
Ray Kowalik, chairman and CEO, Burns & McDonnell: “This was truly an amazing project for everyone involved. Designing and building the expansion of the world’s largest battery energy storage facility – particularly during a global pandemic – was very fulfilling. Renewable resources cannot be fully deployed unless we have a massive investment in energy storage like the Moss Landing facility. We are honored to partner with Vistra on such an iconic project that will help provide reliable power to the residents in the region.”
Media
Meranda Cohn Media.Relations@vistracorp.com 214-875-8004
Analysts
Molly Sorg 214-812-0046 Investor@vistracorp.com
About Vistra
Vistra (NYSE: VST) is a leading Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Cautionary Note Regarding Forward-Looking Statements
The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. (“Vistra”) operates and beliefs of and assumptions made by Vistra’s management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, the potential impacts of the COVID-19 pandemic on our results of operations, financial condition and cash flows, projected synergy, value lever and net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions,