Financial News
EDF Renewables North America and Arizona Public Service Energy Storage Power Purchase Agreement
EDF Renewables North America has secured a 20-year Energy Storage Power Purchase Agreement (PPA) with Arizona Public Service (APS) for the Beehive Battery Energy Storage System. Located in the City of Peoria, Maricopa County, Arizona, the stand-alone battery energy storage system (BESS) will have capacity of 250 MW/4-hour duration.
Beehive BESS expects to start construction in 2025, and will consist of lithium-ion battery enclosures, inverters, transformers, and substation. The facility, designed to receive energy from the power grid when renewable penetration is high, will store the electricity in a series of batteries until electrical power is needed by the grid at peak hours, at which time the energy is released back into the power grid for consumption to help manage APS’s growing energy and capacity demand.
Beehive is expected to reach commercial operational in 2026 with 1,000 MWh of total energy output. The project represents EDF Renewables’ second stand-alone storage project demonstrating commitment to innovation and expansion of its expertise in BESS technology.
“EDF Renewables recognizes the essential role of storage technologies for utilities like APS in facilitating the broader deployment of utility-scale renewables,” said Dai Owen, Senior Vice President, Origination and Power Marketing for EDF Renewables. “As a complementary market to our core renewable generation business, storage has become increasingly significant. By adding Beehive to APS’s already diverse power supply, it will be better equipped to provide reliable, affordable and cleaner energy to its customers, even in the absence of sunlight. This reinforces EDF Renewables’ commitment to maximizing renewable energy's potential and fostering the acceleration of the energy transition, contributing to the decarbonization of the economy.”
Brian Cole, APS Vice President of Resource Management, commented, “We are incorporating a range of technologies and innovations as part of APS’s balanced energy mix to maintain reliability and affordability on the path to a cleaner energy future for our customers. Storage systems, including the Beehive project, give greater flexibility in meeting customer’s energy needs, enabling us to continue integrating variable sources, like solar, into the energy grid.”
EDF Renewables, one of the largest renewable developers in North America, is committed to providing solutions to meet our customer’s carbon-reduction goals. With over 35 years of experience and 18 gigawatts of wind, solar, and storage projects developed, EDF Renewables provides integrated energy solutions from grid-scale power to electric vehicle charging.
About EDF Renewables North America
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distribution-scale power: solar and storage; asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects, and onsite solutions, through the Company’s PowerFlex subsidiary, offering a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 18 GW of developed projects and 14.6 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104596290/en/
Contacts
Media Contacts:
EDF Renewables
Sandi Briner
mediarelations@edf-re.com
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.