Asset management outfit Capital Dynamics has signed an agreement with US power company Tenaska to develop around 2GW of battery storage projects in California.
The portfolio of nine battery energy storage system projects are located throughout California’s highest electrical load centres.
The BESS facilities will store and maximise the use of clean, renewable energy sources like solar and wind, so the electricity generated can be deployed back to the grid during peak energy usage periods.
In total, the projects will provide approximately 2000MW of clean energy into the California Independent System Operator (CAISO) market.
The battery projects are designed to deliver local preferred and clean power resources to manage high-demand conditions caused by California heat waves, power supply shortages, and growing local power supply deficiencies in the Bay Area, Los Angeles and San Diego areas.
Capital Dynamics clean energy infrastructure managing director Benoit Allehaut (pictured) said: “With its focus on achieving robust clean energy goals, California is poised for continued significant growth in energy storage demand.
“We are excited to join with Tenaska to build high-quality battery energy storage facilities to help integrate renewables and reinforce CAISO grid reliability and resilience.
“We hope to quickly contract resource adequacy with utilities and CCAs to grow this portfolio.”
The agreement expands the strategic relationship between the two companies, which jointly own two solar facilities in the Imperial Valley of California and are developing several gigawatts of additional solar projects.