Publicly owned California utility Sacramento Municipal Utility District (SMUD) and developer D. E. Shaw Renewable Investments (DESRI) have executed a long-term power purchase agreement (PPA) for a 640MWh battery energy storage system (BESS) in California.

IPP Enlight Renewable Energy has received a US$773 million debt financing for its solar-plus-storage Country Acres project located near Sacramento, California, US.