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August 31, 2021

Luna Storage Standalone Battery Storage System, US

By Carmen

The Luna Storage Standalone Battery Storage System is a 100,000kW energy storage project located in Lancaster, Los Angeles County, California, US. The rated storage capacity of the project is 400,000kWh.

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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
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by GlobalData
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The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2020 and will be commissioned in 2021.

Description

The Luna Storage Standalone Battery Storage System is being developed by Sustainable Power Group. The project is owned by Sustainable Power Group (100%).

The key application of the project is integrate intermittent renewable energy resources.

Contractors involved

Sustainable Power Group is the owner. Sustainable Power Group is the developer.

Additional information

sPower will build a huge battery facility for Clean Power Alliance (CPA), a community-choice aggregator. SPower will own and operate the Luna Storage facility. It will build the $100 million project with union labor in Lancaster, at the northern edge of Los Angeles County. The project will allow CPA to cost-effectively integrate intermittent renewable energy resources into the grid and will also help enable the closure of gas-fired power plants located in CPA’s local communities.

AES Corporation has closed a $154m non-recourse debt financing for a 400-megawatt hour standalone grid battery storage in California, US.

About Sustainable Power Group

Sustainable Power Group LLC (Sustainable Power) is an operator of solar and wind projects. The company offers services which include project and asset management, operations and maintenance, diligent procurement, construction management, and technology solutions. The company is a joint venture between AES Corp and Alberta Investment Management Corp. Sustainable Power is headquartered in Salt Lake City, Utah, the US.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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