Image: esVolta.
Generate Capital has acquired US large-scale battery storage developer esVolta, marking the sustainable infrastructure investment firm’s first step into the front-of-the-meter battery market.
Generate announced the deal yesterday which adds the developer’s portfolio of over 900MWh of operational and contracted projects in the US and Canada to the investor’s pipeline.
That includes the 75MW/300MWh Hummingbird battery energy storage system (BESS) project in development in California, which is contracted to help utility Pacific Gas & Electric (PG&E) reduce its reliance on gas-fired peaker plants.
Most of esVolta’s listed completed projects are in California, although the company was behind the largest BESS in Canada at the time of its commissioning, an 8.8MW/40.8MWh system in Stratford, Ontario.
The company’s projects in development are…