Capital Dynamics, Tenaska team up for 2 GW of California battery storage
Pomona Energy Storage facility, California.
Image by AltaGas.
Asset manager Capital Dynamics and Nebraska-based energy company Tenaska have agreed to develop nine battery energy storage system (BESS) projects in California to provide some 2 GW of critically needed clean energy.
The plan is to install the facilities throughout California’s highest electrical load centres to store power from renewables such as solar and wind. They will deliver local preferred and non-greenhouse gas (GHG) power resources to manage high-demand conditions caused by heat waves, power supply shortages and rising local power supply deficiencies.
“We hope to quickly contract resource adequacy with utilities and CCAs to grow this portfolio,” said Benoit Allehaut, managing director in the Capital Dynamics Clean Energy Infrastructure team.
Last month, the two partners also announced they will co-develop 4.8 GW of solar projects in the Midwest and Southeast US under a “new strategic relationship”.