en.Wedoany.com Reported - EDP Renewables North America (EDPR NA), in partnership with Arizona public power utility Salt River Project (SRP), has officially commissioned the Flatland Energy Storage Project located in Coolidge, Pinal County, Arizona. The project is a 200MW/800MWh battery energy storage system utilizing Tesla lithium-ion technology, capable of absorbing excess electricity during low-load periods and dispatching power to the grid during peak demand hours.
This facility is the largest battery energy storage system in EDP Group's global portfolio and is co-located with the 200MW Brittlebush Solar Project. The Brittlebush project, also a collaboration between SRP and EDPR NA, powers Meta's data center, with operators able to charge from the grid or on-site solar generation. EDPR NA currently operates approximately 600MW of solar and energy storage capacity in Arizona.
Bobby Olsen, Vice President of SRP, stated that the project is part of the utility's "comprehensive approach to providing reliable, affordable, and sustainable electricity" and noted that SRP will continue investing in battery storage as part of its growing resource portfolio. The project comes as the Phoenix metropolitan area faces one of the fastest electricity demand growth rates in the U.S., driven by data center expansion and population growth.
San Diego-based Pathway Power confirmed on June 5 that it has secured $150 million in senior secured financing from funds managed by AB CarVal, part of AllianceBernstein's Private Alternatives business. The funding will support late-stage development needs in the company's project pipeline, covering interconnection, power purchase agreement execution, equipment deposits, and other pre-construction and construction equity costs. The financing was completed alongside an undisclosed equity investment.
Founded in 2022, Pathway Power has a pipeline of 13 hybrid and standalone battery energy storage projects totaling approximately 3.2GWac, targeting the Southwest Power Pool (SPP) and Midcontinent Independent System Operator (MISO) regions. These areas are experiencing growing demand for grid-scale energy storage due to data center development and industrial reshoring.
Jam Attari, CEO of Pathway Power, said AB CarVal's involvement is "a meaningful validation of our project fundamentals." Since 2017, AB CarVal has deployed over $4.5 billion in energy transition investments, with its managed portfolio currently holding approximately $22 billion in assets.
The financing environment for U.S. energy storage developers is becoming increasingly competitive. This financing structure, as senior secured pre-construction debt, targets earlier stages of the development cycle, bridging the gap between early equity and construction financing. Historically, this gap has hindered pipeline conversion rates for smaller U.S. developers.
On the supply chain front, second-life energy storage company B2U Storage Solutions has entered into a strategic supply agreement with autonomous vehicle company Waymo. Battery packs that powered Waymo's all-electric vehicle fleet, after retirement, will be installed into grid-scale battery energy storage systems. This repurposing process captures residual value that would otherwise be lost, as batteries no longer suitable for electric vehicles can still retain up to 70% of their capacity. B2U states that using these batteries in energy storage systems can extend the functional life of lithium-ion batteries by several years, managing these units through second-life applications and ensuring they are recycled at end of life.
Freeman Hall, CEO of B2U, said: "By using these batteries for grid storage, we are monetizing the full potential of electric vehicle batteries, providing critical stability to the grid now as energy demand continues to grow." As electric vehicle fleets on the road are gradually phased out, gigawatt-scale capacity will become available. B2U has a portfolio of four operational battery energy storage projects, three in California and one in Texas, with three additional sites coming online this year. The company employs patented electric vehicle battery pack storage technology for plug-and-play deployment, eliminating remanufacturing costs, and its assets offer a low levelized cost of storage while delivering grid service revenues comparable to first-life battery energy storage systems.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
