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Researched by Industrial Info Resources (Sugar Land, Texas)--Recent data from the California Energy Commission (CEC) show California has more than 6,600 megawatts (MW) of battery energy storage system (BESS) capacity online, up from 770 MW four years ago and double the amount installed two years ago. Industrial Info is tracking $22 billion worth of active and planned BESS projects across California, about half of which Industrial Info's researchers have assessed with a medium-to-high likelihood (70% or more) of moving forward as planned.
According to the October 24 press release, California has increased battery storage by 757% in just four years, enough to power 6.6 million homes for up to four hours.
Energy-storage projects capture power produced by wind and solar resources and send the generation back to the electric grid during times of peak demand.
"Energy storage systems are a great example of how we can harness emerging technology to help create the equitable, reliable and affordable energy grid of the future," said CEC Vice Chair Siva Gunda in the press release. "California is a global leader in establishing climate policy, but more importantly, it is leading the pack when it comes to putting policy into action and rapidly building projects that add clean, zero-carbon capacity to the grid."
Of the 6.6 gigawatts (GW) of installed capacity, 5.2 GW is attributed to utility-scale storage.
Among the California BESS projects under construction are two 200-MW projects from CD Arevon USA Incorporated (Scottsdale, Arizona), which was spun off from private asset management firm Capital Dynamics Limited (New York, New York): the stand-alone $200 million Condor BESS in San Bernardino County and the $300 million Eland BESS in Kern County, which will be located near a planned solar plant. Both projects will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" large-scale energy-storage model, and they are expected to wrap up in December and February 2024, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed information on the Condor and Eland projects.
Another under-construction project is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) stand-alone $180 million North Central Valley BESS in San Joaquin County, which will utilize lithium-ion technology. The project is expected to wrap up by the end of the year. Click here for the project report. Earlier this week, NextEra reported it added more than 3 GW of renewable and energy-storage projects to its portfolio in the third quarter. For more information, see October 26, 2023, article - NextEra Continues to Expand Renewables Portfolio.
Looking to the future, the CEC notes the state is projected to need 52,000 MW of energy-storage capacity by 2045 to meet electricity demand.
Earlier this week, the energy storage fund of London-based private equity firm Gore Street Capital announced it received $60 million in financing to support the remaining development of the stand-alone 200-MW Big Rock BESS in Imperial County, which will be connected to the California Independent System Operator (CAISO) grid. The BESS will utilize 137 of LS Energy Solutions' (Charlotte, North Carolina) AiON energy storage units, each rated at 1.5 MW, which can store energy for two hours, according to the technology provider. The project is expected to kick off in February 2024 and be completed a year later. Click here to read a detailed project report.
Also in late-stage development is Leeward Renewable Energy's (Dallas, Texas) stand-alone 126-MW Antelope Valley BESS in Kern County, which would be across from an operational solar plant. The BESS also will utilize Tesla lithium-ion technology, and the roughly year-long construction is expected to begin in March. Click here to read more information.
Subscribers to the GMI Database can click here for a full list of active and planned BESS projects in California.
Subscribers can click here to view reports for all of the projects discussed in this article and click here for the 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).
According to the October 24 press release, California has increased battery storage by 757% in just four years, enough to power 6.6 million homes for up to four hours.
Energy-storage projects capture power produced by wind and solar resources and send the generation back to the electric grid during times of peak demand.
"Energy storage systems are a great example of how we can harness emerging technology to help create the equitable, reliable and affordable energy grid of the future," said CEC Vice Chair Siva Gunda in the press release. "California is a global leader in establishing climate policy, but more importantly, it is leading the pack when it comes to putting policy into action and rapidly building projects that add clean, zero-carbon capacity to the grid."
Of the 6.6 gigawatts (GW) of installed capacity, 5.2 GW is attributed to utility-scale storage.
Among the California BESS projects under construction are two 200-MW projects from CD Arevon USA Incorporated (Scottsdale, Arizona), which was spun off from private asset management firm Capital Dynamics Limited (New York, New York): the stand-alone $200 million Condor BESS in San Bernardino County and the $300 million Eland BESS in Kern County, which will be located near a planned solar plant. Both projects will utilize Tesla Incorporated's (NASDAQ:TSLA) (Austin, Texas) "Megapack" large-scale energy-storage model, and they are expected to wrap up in December and February 2024, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed information on the Condor and Eland projects.
Another under-construction project is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) stand-alone $180 million North Central Valley BESS in San Joaquin County, which will utilize lithium-ion technology. The project is expected to wrap up by the end of the year. Click here for the project report. Earlier this week, NextEra reported it added more than 3 GW of renewable and energy-storage projects to its portfolio in the third quarter. For more information, see October 26, 2023, article - NextEra Continues to Expand Renewables Portfolio.
Looking to the future, the CEC notes the state is projected to need 52,000 MW of energy-storage capacity by 2045 to meet electricity demand.
Earlier this week, the energy storage fund of London-based private equity firm Gore Street Capital announced it received $60 million in financing to support the remaining development of the stand-alone 200-MW Big Rock BESS in Imperial County, which will be connected to the California Independent System Operator (CAISO) grid. The BESS will utilize 137 of LS Energy Solutions' (Charlotte, North Carolina) AiON energy storage units, each rated at 1.5 MW, which can store energy for two hours, according to the technology provider. The project is expected to kick off in February 2024 and be completed a year later. Click here to read a detailed project report.
Also in late-stage development is Leeward Renewable Energy's (Dallas, Texas) stand-alone 126-MW Antelope Valley BESS in Kern County, which would be across from an operational solar plant. The BESS also will utilize Tesla lithium-ion technology, and the roughly year-long construction is expected to begin in March. Click here to read more information.
Subscribers to the GMI Database can click here for a full list of active and planned BESS projects in California.
Subscribers can click here to view reports for all of the projects discussed in this article and click here for the 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).
