esVolta Selected for Four Energy Storage Projects Totaling 38.5 MWhs in Southern California
ALISO VIEJO, Calif. - October 15, 2018 (Investorideas.com Newswire) esVolta, a developer and owner of utility-scale energy storage projects across North America, has been selected by Southern California Edison Company (SCE) to deliver a series of lithium-ion battery energy storage systems in Riverside and Ventura Counties. Under the contracts, which are pending approval by the California Public Utilities Commission (CPUC), esVolta will develop, build, and operate the Wildcat Energy Storage project (a 3 MW / 12 MWh facility) near Palm Springs, California and the three Acorn Energy Storage projects (total combined storage capacity of 6.5 MW / 26.5 MWh) in Thousand Oaks, California. All four projects are slated to be in service by March 2020.
The Wildcat and Acorn projects were selected by SCE through its 2017 Integrated Distributed Energy Resources RFO and are designed to provide incremental capacity at specifically targeted locations along SCE's electric distribution system, thereby enhancing reliability and avoiding more costly distribution system upgrades that otherwise would be necessary to meet anticipated load growth. The projects will also provide an array of energy and ancillary services to California's electric grid, facilitating California's transition to a cleaner and more resilient electric system.
"esVolta is delighted to be selected by SCE for the Wildcat and Acorn projects," said Randolph Mann, president of esVolta. "These contract awards represent a major milestone for esVolta as we continue to grow our energy storage business platform. We look forward to delivering cost effective storage solutions for SCE, a leading electric utility and a key supporter of advanced energy storage technologies."
esVolta has over 450 MWh of energy storage projects currently in operation and under development pursuant to executed utility offtake contracts, plus a pipeline of approximately 2,000 MWh of additional development stage projects.
About esVolta, LP
esVolta is a developer, owner and operator of utility-scale energy storage projects across North America. The company's portfolio of operational plus contracted projects exceeds 450 MWh of capacity, and the firm is developing a large pipeline of future storage projects. esVolta is supported by a long-term capital commitment from Blue Sky Alternative Investments LLC and a strategic procurement arrangement with Powin Energy Corporation. More information about esVolta is available at www.esVolta.com.
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