San Jose invests in energy storage cabinet batteries

4 FAQs about [San Jose invests in energy storage cabinet batteries]

How many battery energy storage projects does Engie North America have?

The 2.4 GW transaction between ENGIE and CBRE Investment Management includes 31 battery storage projects across Texas and California. Engie North America has partnered with CBRE Investment Management (CBRE IM) on a 2.4GW battery energy storage system (BESS) portfolio in Texas and California, US.

Does Engie own a battery energy storage system?

Engie has partnered with CBRE Investment Management on a 2.4GW battery energy storage system (BESS) portfolio in Texas and California, US.

How many battery energy storage projects are in Engie''s portfolio?

The portfolio consists of 31 battery energy storage system (BESS) projects, and Engie says it is one of the largest sales completed to date. According to Engie, the 31 projects are in operation, and will support grid resilience in both states. Engie will retain a controlling share in the 2.4GW portfolio, operating and managing the assets.

Why is battery storage so popular in California?

California has invested heavily in the technology, helping it mature and get cheaper in recent years. Battery storage in the state has grown more than 3,000% in six years — from 500 megawatts in 2020 to more than 15,700 megawatts today.

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