BOSTON, June 27, 2022 /PRNewswire/ -- Today, ArcLight announced that the 335MWh/67MW Long Beach California Pier S Battery Storage System Project (the "Long Beach BESS Project") has completed key interconnection studies for the charging, discharging, and transmission of the full capacity of the system. The BESS Project is expected to utilize existing interconnection, real estate, and site infrastructure at Generation Bridge's Long Beach 252MW natural gas-fired power plant, acquired by an affiliate of ArcLight in 2021.
"The BESS Project is a tangible example of the ongoing energy transition and ArcLight's focus on leveraging its ownership interests in over 20,000 MW of conventional power generation assets to develop emissions-free, dispatchable resources that further facilitate the integration of renewable energy resources into the existing power grid," said Dan Revers, Founder and Managing Partner at ArcLight.
Commercial agreements supporting the BESS Project are under discussion, with a commercial operations date targeted for 2025.
ArcLight is a leading private equity firm focused on energy, infrastructure and energy transition with a successful long-term track record. Founded in 2001, the firm helped pioneer an asset-based approach to investing across the power, renewables, infrastructure and broader energy value chain. Since then, ArcLight has invested approximately $27 billion in 119 transactions, including over $11 billion of equity capital into the electrification segment, which includes power, transmission, renewable infrastructure and energy transition investments. Through its large infrastructure portfolio, ArcLight is focused on providing decarbonizing energy solutions with a strong ESG focus. Based in Boston, the firm's investment team employs a value-added investment approach that benefits from its dedicated in-house technical, operational, and commercial specialists and partners, as well as the firm's approximately 1,500-person asset management affiliate. More information about ArcLight can be found at www.arclight.com.
CONTACT: Cathy Rought Jacobson, 202-263-9097, [email protected].