IPP Cordelio Power has agreed to procure ‘over 1GWh’ of battery energy storage system (BESS) equipment with US-headquartered energy storage system integrator and renewable energy services provider Fluence Energy.
The procurements will support the commissioning of new BESS projects from the company’s in-house development pipeline slated for construction in 2026 and 2027.
Cordelio has also entered into offtake arrangements for two additional BESS facilities in the US through a 50/50 partnership with IPP BrightNight, the 200MW/800MWh Greenwater project with Puget Sound Energy in Washington State and the 300MW/1,200MWh Pioneer project with Arizona Public Service.
Headquartered in Toronto, CA, Cordelio owns and manages more than 1,200MW of renewable energy assets across North America, specialising in large-scale solar PV and wind.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The company previously partnered with BrightNight on Box Canyon, a 300MW solar PV and 600MWh BESS project in Pinal County, Arizona. A PPA was signed for the output of this project in July 2022.
Notably, Cordelio is wholly owned by Canada Pension Plan Investment Board (CPP Investments). The involvement of institutional investors such as CPP Investments is considered to help solidify BESS projects as an asset class.
CPP Investments has made investments in other energy storage developers such as Form Energy, Northvolt, Hydrostor and more.
Cordelio also announced that the 20MW/40MWh McHenry BESS project has entered commercial operations. Located in McHenry County, Illinois, US, the project was originally developed by GlidePath Power which then sold it a few months before construction started, to EDF Renewables in the first quarter of 2015.
The BESS then came online 20 December, 2015, built using batteries and power electronics from BYD. Located in the PJM Interconnection, one of the US’ independent system operators (ISOs), the project was built during a boom in PJM frequency response markets.
In 2023, vertically integrated energy storage company Kore Power announced it would replace the batteries in the BESS, in a deal with Cordelio (Premium access article). Kore Power recently said it had decided not to proceed with a 12GWh battery cell factory in Arizona. It currently has 3.4GWh annual production capacity at its BESS assembly site in Vermont, while it sources cells from its factory in China.
The company reported quarterly revenue of US$168.8 million, a 49% decline year-on-year from Q1 2024’s US$364 million. The company said the drop was due to a more uneven distribution of revenue expected in its fiscal year 2025 (FY2025) compared to 2024.
Fluence’s energy storage solution deployments have continued to rise quarter-by-quarter on both a megawatt and megawatt-hour basis, with 5.8GW/14.8GWh deployed in Q1 2025 versus 5GW/12.8GWh in Q4 2024 and 3.6GW/8.7GWh in Q1 2024.
Emma Burke, Cordelio’s Director of Procurement, said of the procurement with Fluence: “We are pleased to welcome Fluence Energy as a major BESS equipment provider for Cordelio Power.”
“This collaboration, along with two other recent BESS procurements, provides strong support for the projects we expect to build over the next three years.”
