GridStor, a developer and operator of grid-scale battery energy storage systems, completed its Goleta Energy Storage facility, the company celebrated on Dec. 1 at a dedication facility attended by public officials and regional business leaders.
Goleta Energy Storage is the largest power resource in Santa Barbara County, Caliornia, and only the second battery storage facility in the region. The 60-megawatt (MW)/160 megawatt-hour (MWh) lithium-ion battery facility will power the equivalent of 30,000 households and support the existing 900 MW of wind and solar power operating in the region. The facility will also help maintain grid reliability during the planned build out of thousands of megawatts of additional renewable energy projects over the next decade.
“Santa Barbara County generates little of our own power, which makes our infrastructure susceptible during wildfires, mudslides, and other natural disasters,” said Santa Barbara County Third District Supervisor Joan Hartmann. “The addition of GridStor’s facility to our electricity grid gives us a critical backup in times of need and is a major step forward for securing our day-to-day power locally.”
GridStor will provide resource adequacy services from the facility to Southern California Edison under a contract while operating the facility in response to market signals from the California Independent System Operator.
The 44 emission-free containerized Tesla batteries installed at the GridStor facility were manufactured in-state in Lathrop, California. NORD/LB provided $55 million of project debt financing to GridStor to complete the development of the facility.
Recommended Reading
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
ProPetro Agrees to Provide Electric Fracking Services to Permian Operator
2024-12-19 - ProPetro Holding Corp. now has four electric fleets on contract.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
Reliance Exercises Four-Well Option on Transocean Rig
2024-12-18 - Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.
Petrobras Awards Seadrill Two Drillship Contracts Off Brazil
2024-12-18 - Seadrill said the West Jupiter and West Tellus contracts both have a three-year duration and will add nearly $1 billion to the company’s backlog.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.