Broad Reach Power gets 100-MWh Cascade Energy Storage project from Enel subsidiary
- Broad Reach Power, an independent power manufacturer based in Houston that has a 5-GW portfolio of utility-scale solar and also energy storage power projects, introduced it has acquired the 25-MW/100-MWh front-of-the-meter Cascade Energy Storage project located beyond Stockton, California from a subsidiary of Enel.
" California's extensive push towards a carbon-free grid, greatly with wind and solar generation, makes energy storage a vital component of the grid's framework. Cascade notes the first of numerous projects that will certainly permit Broad Reach to aid California run the grid securely as well as accurately as more sustainable getting resources come online," said Broad Reach Power VP of company growth Justin Amirault. "We are excited to be early adopters to assist California accomplish its essential purposes as well as delighted to have actually worked closely with a skilled developer like Enel."
Cascade had been developed by Enel and also was chosen by PG&E to provide resource adequacy under a 20-year contract signed in 2017. Broad Reach anticipates to proceed the development and also start building following year to bring the project online in 2022. The Cascade Energy Storage Project joins Broad Reach Power's rapidly growing portfolio of battery properties in Texas, where Broad Reach is the leading owner of standalone storage projects in the ERCOT affiliation line up, as well as throughout the western United States where the company has more than 700 MW of projects with authorized affiliation contracts.
" Similar to our Texas initiative, we have actually built a considerable project portfolio in the California ISO over the in 2014 through greenfield advancement and M&A, and also we are pleased to announce the Cascade procurement to the market," included Broad Reach Power's handling partner and CEO Steve Vavrik, whose firm is backed by energy financiers EnCap Investments L.P., Yorktown Partners and also Mercuria Energy. "In California and also various other areas of the west where there is similar eco-friendly infiltration and raising power demand, we are on a mission to create as well as get storage assets in any phase of the development scale."
