Fengate Asset Management and Alpha Omega Power have closed a tax equity commitment with US Bancorp Impact Finance for a 400MWh BESS project in California, acquired from Origis Energy.
IPP Clearway Energy Group has signed a Energy Storage Exclusivity Agreement (ESEA) with California CCA utility Central Coast Community Energy (3CE) for a 750MW/3,000MWh standalone BESS located in Monterey County, California.
NextEra Energy Resources (NEER) has become the next IPP to seek approval of a renewable energy development incorporating battery storage via the California Energy Commission’s (CEC’s) opt-in process, as permitted under Assembly Bill (AB) 205.
London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects.
A double-header of tax equity news from the California BESS market, with IPPs Ormat Technologies and esVolta both completing deals for grid-scale projects in the state.
Aypa Power has negotiated two resource adequacy agreements with Pacific Gas & Electric covering 500MW/2,000MWh of energy storage from two standalone BESS projects in the Californian cities of Industry and Irwindale.
Vistra Energy has decided to pursue approval to construct a 600MW/2,400MWh BESS at the site of a retired power plant in the City of Morro Bay via the California Energy Commission (CEC).
IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
Changes to the California Independent System Operator (CAISO) interconnection process have been approved by the Federal Energy Regulatory Commission (FERC) following months of scrutiny.
Power from new co-located renewable energy and battery projects in California will be bought by Amazon and a number of Community Choice Aggregators (CCAs).
