NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedSeptember 8, 2021

Crimson Storage — 350 MW / 1,400 MWh standalone Li-ion battery storage, Riverside County, CA

Recurrent Energy (Canadian Solar) sold 80% of Crimson Storage to Axium Infrastructure; Recurrent retained 20%. SCE full tolling (200 MW/800 MWh, 14yr 10mo Phase I) plus PG&E resource adequacy (150 MW/600 MWh, 15yr Phase II). Located on BLM land near Blythe. Was world's largest single-phase storage project at COD (summer 2022).

$550M

Deal Value

350MW

Capacity

1,400MWh

Storage

Storage

Technology

CA

Location

Deal Details

Deal Type
Asset Sale
Seller / Sponsor
Recurrent Energy (Canadian Solar)
Buyer / Financier
Axium Infrastructure
Offtaker
Southern California Edison; Pacific Gas & Electric
Deal Value
~$550M (project cost)
Stage
Construction
ISO/RTO
CAISO

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