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Released May 06, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--California Governor Gavin Newsom (D) said last month that the state surpassed 10,000 megawatts (MW) of installed battery-storage capacity, an increase of 1,250% from 770 MW in 2019. California aims for clean energy to make up 100% of its power-generation mix by 2045, and Industrial Info is tracking more than $2 billion worth of battery-storage projects under construction across the state.
Newsom and state officials celebrated the 10,379 MW of installed capacity at an April 25 press conference, and in a related press release, the governor said: "In just five years, California has increased its battery-storage capacity more than tenfold. Our energy storage revolution is here, and it couldn't come at a more pivotal moment as we move from a grid powered by dirty fossil fuels to one powered by clean energy."
Battery energy-storage system (BESS) units allow for the storage and release of renewable energy, even when the sun isn't shining or the wind isn't blowing. Such projects are either built as standalone facilities or are co-located at solar plants.
At the press conference, Newsom had the following response to a reporter's question on whether the recent capacity milestone could help put an end to California's blackouts: "So no, this is not today announcing that blackouts are part of our past, but we want to do everything we can to mitigate that," he said, adding, "storage saved us last year ... it will be a huge part of the solution going forward."
The governor's sentiment is in line with a U.S. Energy Information Administration (EIA) forecast that notes California could add 5.2 gigawatts (GW) of capacity in 2024, which is second only to Texas (an expected 6.4 GW); according to the forecast, the two states would account for 82% of the total U.S. battery-storage capacity additions in 2024.
One of the companies responsible for BESS projects under construction in the Golden State is Arevon (also known as CD Arevon USA Incorporated), which was spun off from Capital Dynamics Limited (New York, New York).
This includes the $200 million standalone Avocet Battery Storage project in the Los Angeles area, which will provide up to 200 MW of power utilizing Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) Megapack battery technology. In March, Arevon said it expects the unit will be operational in second-quarter 2026, and at the same time, announced it reached a 15-year agreement with San Diego Community Power (SDCP) for the full capacity of the project. The energy is anticipated to power about 45,000 homes for up to four hours daily.
Meanwhile, Arevon expects construction of its 100-MW Eland 1 BESS in Kern County and co-located 200-MW Eland 1 solar farm will wrap up in June. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed information on the Avocet project, and the Eland 1 solar farm and BESS unit.
Among the other BESS projects underway is AES Corporation's (NYSE:AES) (Arlington, Virginia) $500 million BESS addition at the Bellefield solar plant, also under construction, in Kern County, both of which will have a nameplate capacity of 500 MW. AES expects both projects will wrap up around the end of 2025. The power will flow to the grid via a 14-mile transmission line that connects the project to Southern California Edison Company's (Rosemead, California) Windhub Substation in Mohave. Subscribers can read more information in the solar and BESS project reports.
Growth capital and asset financing firm Generate Capital (San Francisco, California) and its subsidiary esVolta expect construction of the 75-MW Hummingbird Energy Storage Project in Santa Clara County will wrap up in the coming months. Click here for the project report.
Pacific Gas & Electric Company, which provides natural gas and electric services throughout a 70,000-square-mile service area in northern and central California, will offtake the power under a 16-and-a-half-year agreement with an initial delivery date of September 1. According to the project website, Hummingbird is designed to reduce the utility's reliance on natural gas generation. Pacific Gas & Electric Company is a unit of PG&E Corporation (NYSE:PCG) (Oakland, California).
Recent reporting from the The Wall Street Journal indicates KKR & Company Incorporated (NYSE:KKR) (New York, New York) plans to acquire a $49.9% stake in PG&E's power plants. For more information, see Industrial Info's May 2, 2024, article - KKR Ready to Add PG&E's Power Plants to List of Acquisitions.
Subscribers to the GMI Database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Newsom and state officials celebrated the 10,379 MW of installed capacity at an April 25 press conference, and in a related press release, the governor said: "In just five years, California has increased its battery-storage capacity more than tenfold. Our energy storage revolution is here, and it couldn't come at a more pivotal moment as we move from a grid powered by dirty fossil fuels to one powered by clean energy."
Battery energy-storage system (BESS) units allow for the storage and release of renewable energy, even when the sun isn't shining or the wind isn't blowing. Such projects are either built as standalone facilities or are co-located at solar plants.
At the press conference, Newsom had the following response to a reporter's question on whether the recent capacity milestone could help put an end to California's blackouts: "So no, this is not today announcing that blackouts are part of our past, but we want to do everything we can to mitigate that," he said, adding, "storage saved us last year ... it will be a huge part of the solution going forward."
The governor's sentiment is in line with a U.S. Energy Information Administration (EIA) forecast that notes California could add 5.2 gigawatts (GW) of capacity in 2024, which is second only to Texas (an expected 6.4 GW); according to the forecast, the two states would account for 82% of the total U.S. battery-storage capacity additions in 2024.
One of the companies responsible for BESS projects under construction in the Golden State is Arevon (also known as CD Arevon USA Incorporated), which was spun off from Capital Dynamics Limited (New York, New York).
This includes the $200 million standalone Avocet Battery Storage project in the Los Angeles area, which will provide up to 200 MW of power utilizing Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) Megapack battery technology. In March, Arevon said it expects the unit will be operational in second-quarter 2026, and at the same time, announced it reached a 15-year agreement with San Diego Community Power (SDCP) for the full capacity of the project. The energy is anticipated to power about 45,000 homes for up to four hours daily.
Meanwhile, Arevon expects construction of its 100-MW Eland 1 BESS in Kern County and co-located 200-MW Eland 1 solar farm will wrap up in June. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed information on the Avocet project, and the Eland 1 solar farm and BESS unit.
Among the other BESS projects underway is AES Corporation's (NYSE:AES) (Arlington, Virginia) $500 million BESS addition at the Bellefield solar plant, also under construction, in Kern County, both of which will have a nameplate capacity of 500 MW. AES expects both projects will wrap up around the end of 2025. The power will flow to the grid via a 14-mile transmission line that connects the project to Southern California Edison Company's (Rosemead, California) Windhub Substation in Mohave. Subscribers can read more information in the solar and BESS project reports.
Growth capital and asset financing firm Generate Capital (San Francisco, California) and its subsidiary esVolta expect construction of the 75-MW Hummingbird Energy Storage Project in Santa Clara County will wrap up in the coming months. Click here for the project report.
Pacific Gas & Electric Company, which provides natural gas and electric services throughout a 70,000-square-mile service area in northern and central California, will offtake the power under a 16-and-a-half-year agreement with an initial delivery date of September 1. According to the project website, Hummingbird is designed to reduce the utility's reliance on natural gas generation. Pacific Gas & Electric Company is a unit of PG&E Corporation (NYSE:PCG) (Oakland, California).
Recent reporting from the The Wall Street Journal indicates KKR & Company Incorporated (NYSE:KKR) (New York, New York) plans to acquire a $49.9% stake in PG&E's power plants. For more information, see Industrial Info's May 2, 2024, article - KKR Ready to Add PG&E's Power Plants to List of Acquisitions.
Subscribers to the GMI Database can click here for all project reports mentioned in this article and click here for related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
