Featuring Tesla's 142 Megapacks, the project will deliver electricity to Southern California Edison
The Saticoy battery energy storage system. (Credit: Arevon Asset Management.)
Arevon Asset Management (Arevon) has opened the 100MW/400MWh Saticoy battery energy storage system in Oxnard, Ventura County, California, US.
The grid-scale battery energy storage facility would help reduce grid outages and deliver power during peak demand, eliminating air, water or noise pollution, said the company.
The Saticoy battery energy storage project will supply electricity to Southern California Edison (SCE), under a 20-year purchase and sale agreement.
Capital Dynamics clean energy infrastructure head John Breckenridge said: “On hot days when the grid is struggling to keep up, the Saticoy battery storage facility will help keep the lights on and air conditioners running with on-demand, local electricity.
“We’re proud to have worked with Arevon, our asset management affiliate; Strata Clean Energy; the county; and local utility Southern California Edison to improve grid reliability.”
Arevon said that after receiving required county approvals, it has completed the project within nine months.
The project was initially conceived and developed by Strata Clean Energy, and features 142 Megapacks, the utility-scale battery storage product from Tesla.
The Saticoy battery storage facility has offered nearly $2.5m in new sales taxes and is expected to provide more than $11m in property tax to Ventura County over 35 years.
Furthermore, the company has signed a project labour agreement with the Tri-Counties Building and Construction Trades Council, to support the local job growth.
Ventura County District 5 Supervisor Carmen Ramirez said: “Saying no to a gas peaker plant and yes to battery-stored energy has provided our community with a nonpolluting power plant, increased our tax base, and created good jobs and ultimately better health for the people.
“This project is truly a testament to Oxnard’s determination and resilience to modernize and better our community.”
Arevon, an affiliate of Capital Dynamics, holds a global fleet of PV solar and onshore wind assets with more than 6.5GWdc.
The company has an additional 3GWdc of solar assets currently under construction in the US.