Greenbacker Capital Management (GCM) has purchased the planned Holtville battery energy storage system (BESS) project in Imperial County, Calif., from SunCode Energy, marking its largest standalone battery storage project. Financial terms were not disclosed.
With a power capacity of 30 megawatts and the ability to store up to 120 megawatt hours of energy, the Holtville BESS project’s represents enough energy to power 4,119 homes for a 24-hour period, on average. The Holtville BESS project has a long-term power-purchase agreement in place with an investment-grade utility. It is expected to enter commercial operation in third quarter 2023.
“We are excited to partner with Greenbacker on its largest standalone energy storage project,” said XJ Chen, managing director of SunCode Energy. “We are committed to bringing the project online this summer and supporting grid resilience in California. We also look forward to expanding our partnership with Greenbacker on more s
