Eolus Invests in US Battery Project: Pome to Come Online in 2024

• Eolus has made an investment decision for its 100MW stand-alone battery storage project, Pome. Located in San Diego County, California, the project is set to come online in Q4 2024 with a capacity of 100MW/400MWh. It's part of a booming US market, following the Inflation Reduction Act, and makes up part of Eolus’s total project portfolio.

Eolus has made an investment decision for its 100MW stand-alone battery storage project Pome in the US. The project is set to come online in the fourth quarter of 2024 and will have a planned capacity of 100MW/400MWh located in San Diego County, California. An agreement to supply a battery energy storage system has been signed with a BESS supplier and a 10-year tolling deal has been signed with an undisclosed buyer. The project is being developed by Eolus North America since 2019 and comes as a result of the strong demand for energy storage in California to support the energy system. Additionally, the US project makes up one quarter of Eolus’s total project portfolio, following the Inflation Reduction Act being signed, making the US market really booming.

How Is Eolus' 100MW Battery Project Pome Impacting the US Market?

• The Pome project is located in San Diego County, California, with a planned capacity of 100MW/400MWh.
• The project is being developed by Eolus North America since 2019 and is set to come online in the fourth quarter of 2024.
• An agreement to supply a battery energy storage system has been signed with a BESS supplier and a 10-year tolling deal has been signed with an undisclosed buyer.
• The Inflation Reduction Act was signed in the US, making the market for battery storage in California particularly strong and boosting the US market as a whole.
• Eolus’s 100MW Battery Project Pome is expected to have a positive impact on the US market, with the project making up one quarter of Eolus’s total project portfolio.
• This project is expected to provide a much-needed boost to the US energy storage market, with the clean energy produced by the battery being able to support the overall energy system.