AES to provide 10-MW storage system to Arizona utility
Advancion 4. Photo by AES Energy Storage, All rights reserved.
Arizona public power utility Salt River Project (SRP) said today it has signed a 20-year contract under which AES Corp (NYSE:AES) will provide it with a 10-MW energy storage system.
SRP also announced the start of construction on the project, the company's first standalone battery-based energy storage facility, which will provide peaking capacity. The 10 MW/40 MWh battery energy storage system will be supplied by Fluence, a business created in January 2018 by Siemens AG (ETR:SIE) and AES. It will be built in Chandler and will be charged by an SRP distribution substation.
The project will help SRP evaluate how to scale up future energy storage projects across its service area and is part of moves to secure resources that support the integration of more renewables. It comes as Arizona is considering steps to modernise its energy infrastructure, including proposals for energy storage target of 3 GW by 2030 and a "clean peak" standard.