San Jose energy storage project settled

4 FAQs about [San Jose energy storage project settled]

When will hummingbird battery energy storage project be completed?

The project is currently under construction and is expected to be completed in 2025. esVolta, an energy storage project developer, completed a $110 million tax equity transaction with Greenprint Capital Management to develop and construct the 300 MWh Hummingbird battery energy storage project in San Jose, California.

Which energy storage facility will provide resource adequacy support to Pacific Gas & Electric?

The energy storage facility in San Jose will provide resource adequacy support to Pacific Gas & Electric. An energy storage project at Monolith Substation, Tehachapi, CA. Image: Sandia National Laboratories esVolta announced it has secured a $110 million tax equity transaction with GreenPrint Capital Management.

Should San Jose buy more power?

In San Jose, city energy officials say they are reluctant to procure additional power until they know which projects will actually be built. “We do not want to buy more power than we need,” said panelist Lori Mitchell, director of San Jose Clean Energy, the city’s publicly-owned electricity provider. “That’s job No. 1.”

Why did esvolta close a $185 million Senior Secured credit facility?

Earlier this year, esVolta closed a $185 million senior secured credit facility that provides additional development capital to secure obligations principally relating to interconnection, power purchase agreements (PPA), equipment deposits, and early pre-NTP construction funding for its 20+ GWh pipeline of energy storage projects across the U.S.

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