EsVolta acquired more than 110 MWh of energy storage projects from Powin Energy Corp., as it looks to expand its North American footprint, according to a Dec. 11 release.
Under the transaction, esVolta acquired the 2-MW PPA Grand Johanna in Irvine, Calif.; the 6.5-MW development-stage Don Lee BESS project in Escondido, Calif.; and a 10-MW/40 MWh project that will be announced at a later date. Also included in the deal is a 50% stake in the 8.8-MW/40.8-MWh Powin Energy Ontario Storage project in Stratford, Ontario, which is expected to go online by end of this month.
PPA Grand Johanna holds a contract with Edison International subsidiary Southern California Edison Co., Don Lee BESS is under a contract with Sempra Energy subsidiary San Diego Gas & Electric Co., and Powin Energy Ontario is contracted to sell its output to Ontario's Independent Electricity System Operator.
The transaction comes on the heels of a large financial commitment that esVolta recently recieved from Blue Sky Alternative Investments LLC to accelerate its growth in the North American utility-scale energy storage market.
The deal will allow Powin Energy to "focus all of its efforts on delivering the best energy storage systems in the industry to our developer and utility customers," Powin Energy President Geoffrey Brown said in the release.
Powin Energy also will be esVolta's exclusive provider of energy storage systems through 2022.