Arevon Asset Management launched the Saticoy battery storage system in Ventura County, California, northwest of Los Angeles. The 100 MW/400 MWh energy storage system consists of 142 Tesla large-scale lithium-ion batteries, Megapacks, and has replaced the fossil fuel-powered peaker plant construction. Tesla released a video detailing the installation of the large system at Oxnard.
The system was acquired by Arevon, a division of global asset management company Capital Dynamics, together with infrastructure developer S&B USA Energy. Power from the site is being supplied to Southern California Edison under a 20-year purchase agreement.
The Saticoy battery storage system uses 142 Tesla Megapacks. At the site level, Megapack requires 40% less space and 10x fewer parts than current systems on the market. As a result, this high-density, modular system can be installed 10x faster than current systems, so it is an obvious solution for large projects.
“On hot days when the grid is struggling to keep up, the Saticoy battery storage facility will help keep the lights on and air conditioners running with on-demand, local electricity,” said John Breckenridge, head of Clean Energy Infrastructure at Capital Dynamics. “We’re proud to have worked with Arevon, our asset management affiliate, Strata Clean Energy, the county, and local utility Southern California Edison to improve grid reliability.”
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