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Capital Dynamics and Tenaska to develop battery projects for California energy market
Investors - AUGUST 21, 2020

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Capital Dynamics and Tenaska to develop battery projects for California energy market

by Kali Persall

The clean energy infrastructure business of Capital Dynamics has inked an agreement with U.S. energy company Tenaska to develop a portfolio of nine battery energy storage system (BESS) projects in California.

Located throughout California's highest electrical load centers, the BESS projects are designed to deliver local preferred and non-greenhouse gas (GHG) power resources to manage high-demand conditions caused by California heat waves, power supply shortages, and growing local power supply deficiencies in the Bay Area, Los Angeles and San Diego areas, which cannot be reliably served solely by intermittent renewables.

The projects will provide 2,000 megawatts of critically needed clean energy into the California Independent System Operator (CAISO) market.

“With its focus on achieving robust clean energy goals, California is poised for continued significant growth in energy storage demand,” said Benoit Allehaut, managing director with Capital Dynamics’ cl

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