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
- Source
- Recurrent Energy
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