Avantus has sold its 200-megawatt Big Rock 1 energy-storage project to Gore Street Energy Storage Fund (GSF), a London-based publicly traded fund managed by Gore Street Capital. Financial terms were not disclosed.
The energy-storage system will be one of the largest energy-storage projects in Imperial County, Calif., complementing the county’s vast renewable-energy resources and substantially increasing grid reliability within the region.
The project marks GSF’s first acquisition in California and its largest acquisition to date in the United States. Big Rock 1 is among several projects under development by Avantus in Imperial County. The company developed the 800-megawatt Mount Signal solar cluster more than a decade ago, which is still one of the nation’s largest operating solar projects to date.
“Powering our future requires solutions like Big Rock 1 that are clean, low-cost, responsive and reliable any time of day or night,” said Tom Buttgenbach, f