Much of this is happening in China, which not only controls the supply of key process materials but represents the majority of the world’s battery manufacturing capacity — a trend which is likely to only increase in coming years, given the massive capacities of battery factories that the nation is planning. California is poised to receive two large battery storage projects, aimed at supporting the state’s rapid adoption of solar. Macquarie has closed a third debt financing round for 97 MWh of batteries, part of its planned 63 MW, 340 MWh battery project for Southern California Edison. The new projects are expected to be completed by 2021, and will help meet California’s goal of generating 100 percent renewable energy on all electricity generation sources within 10 years.
California is poised to receive two large battery storage projects, aimed at supporting the state’s rapid adoption of solar. Macquarie has closed a third debt financing round for 97 MWh of batteries, part of its planned 63 MW, 340 MWh battery project for Southern California Edison. The new projects are expected to be completed by 2021, and will help meet California’s goal of generating 100 percent renewable energy on all electricity generation sources within 10 years.