Nexus Renewables to Release 27MW/108MWh BTM Battery Energy Storage Space in California

• Nexus Renewables U.S. Inc. is pleased to announce an arrangement with Pacific Gas and also Electric Company (PG&E) where Nexus Renewables will certainly service 100+ MWh of Resource Adequacy requires in Northern as well as Central California through a fleet of behind-the-meter energy storage resources.

Nexus Renewables' power storage fleet will serve 3 key objectives under a 15-year power acquisition agreement (PPA) with PG&E:

• First, it will certainly provide targeted regional capacity and also boost grid integrity during optimal durations.
• Second, as fast-acting stabilization tools, the portfolio will give regulation services to improve the reliable tons carrying capability from renewable resources that are otherwise periodic.
• Finally, as behind-the-meter framework, the fleet will certainly aid pick commercial and also industrial host sites realize bill financial savings as well as take pleasure in added resiliency benefits.

These battery power storage properties will aid the State of California in making its targets of 60 percent renewable resource penetration by 2030 and also 100 percent by 2050, a truth.

"This is a considerable milestone for Nexus Renewables, strengthening our presence as one of North America's fastest growing different energy companies. We are excited to work together with PG&E, among North America's many progressive energies, and also address system dependability goals within the State of California. Energy storage is quickly coming to be the modern technology of selection to integrate renewables as well as we see ourselves finest positioned to record this market opportunity," stated Keith Sandor, President at Nexus Renewables Inc

The lasting PPA was awarded to Nexus Renewables as part of PG&E's 2020 System Reliability Phase 2 Solicitation.

PG&E submitted the contract to the California Public Utilities Commission for approval the other day.

"The following couple of years will certainly be essential for the deployment as well as integration of utility-scale battery power storage space onto the grid. PG&E has granted contracts for battery power storage space tasks amounting to greater than 1,000 MW of capability to be deployed with 2023, every one of which add to conference California's ambitious clean power objectives while making sure grid effectiveness and reliability, lowering the requirement to construct additional nonrenewable fuel source generation plants, and maintaining customer expenses budget-friendly," stated Fong Wan, Senior Vice President of Electric Policy as well as Procurement at PG&E in a press release issued earlier today.