News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.

Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.

Community Choice Aggregator (CCA) San Diego Community Power (SDCP) has signed an offtake agreement for a battery storage project being developed by SB Energy in Riverside County, California.

California community choice aggregator (CCA) utility Central Coast Community Energy (3CE) has announced a request for proposals (RFP) to meet its renewable portfolio standard.

Renewable energy developer-operator Arevon has completed a US$258 million financing for the 200MW/400MWh Peregrine battery energy storage system (BESS) in San Diego, California, US.

The US development arm of Spain’s Ignis has submitted an application with the California Energy Commission (CEC) to develop a 350MWh+ battery storage facility in Alameda County under the regulatory body’s Opt-In Certification Programme. 

Longroad Energy has secured a power purchase agreement for one of its hybrid solar and BESS projects in California with Marin Clean Energy.

Toronto, Ontario-headquartered Hydrostor has secured a US$200 million investment for its advanced compressed air energy storage (A-CAES) projects both in Canada and globally.

Developer and operator esVolta has completed a preferred equity transaction with investor Captona for three BESS in Texas, US, while GridStor has bought a 400MWh project in Arizona.