SUNYA Energy

SRP and EDP Renewables Announce New Energy Storage System to Support Increasing Energy Demand

November 19, 2024
SUNYA Summary
- Salt River Project and Flatland Storage LLC have announced a partnership to provide 200 megawatts of energy storage to Arizona's grid. - The Flatland Energy Storage Project will feature a 200 MW/800 megawatt-hour battery energy storage system located near Coolidge, Arizona. - The project will utilize lithium-ion technology designed and manufactured in the U.S. by Tesla and is scheduled to be operational in 2025. - This facility will power up to 45,000 homes for four hours during peak electricity demand. - The batteries will store excess energy for use during times of peak demand and will save over 169 million gallons of water annually compared to traditional energy sources. - The project is part of SRP's plan to decarbonize its energy portfolio and meet increasing energy demands. - The capital investment for the project exceeds $271 million, contributing over $7 million in tax payments to local governments. - The project will support local small businesses and create 60 construction jobs, as well as two permanent operations positions upon completion. - The project aims to enhance national energy security and diversify the domestic power supply. - This is SRP's second collaboration with EDP Renewables, following the Brittlebush Solar Park, which also provides 200 MW of solar energy. - The energy storage system will be strategically located to store energy from the grid and the solar park, optimizing the energy output for customer demand. - SRP's commitment includes reducing carbon intensity by 82 percent from 2005 levels by 2035 and achieving net zero carbon emissions by 2050. - SRP aims to double its generating resources in the next decade to meet rising energy demand in the Phoenix metropolitan area while retiring 1,300 MW of coal resources. - Currently, SRP operates nearly 1,300 MW of storage and 3,000 megawatts of carbon-free resources for its customers. - SRP is developing additional solar energy and storage capacity, which will make nearly half of its generation carbon-free by 2028.
PRESS RELEASE
SRP and EDP Renewables Announce New Energy Storage System to Support Increasing Energy Demand:

COOLIDGE, Ariz., Nov. 18, 2024 /PRNewswire/ -- Salt River Project (SRP) and Flatland Storage LLC, a subsidiary of EDP Renewables North America LLC (EDPR NA) have entered into an agreement to provide 200 megawatts (MW) of new energy storage to Arizona's grid.

The Flatland Energy Storage Project will be a 200 MW/800 megawatt-hour battery energy storage system located near Coolidge, Arizona. The project will utilize lithium-ion technology, designed and manufactured in the U.S. by Tesla. Scheduled to be online in 2025, the facility will have enough capacity to power up to 45,000 homes for four hours during peak electricity demand periods. The batteries will absorb excess energy when customer demand is lower and store it for use during times of peak demand. In addition, Flatland will save more than 169 million gallons of water each year compared to traditional energy dispatched onto the grid.

"Battery energy storage is an essential piece of SRP's plan to decarbonize our portfolio and maximize the amount of renewable energy delivered to our customers," said Bobby Olsen, SRP Associate General Manager and Chief Planning, Strategy and Sustainability Executive. "The Flatland Energy Storage Project will help us meet the increasing energy demand of one of the fastest growing areas of the nation."

Flatland Energy Storage Project is set to provide significant benefits to the local regional economy, with a capital investment of over $271 million, and an additional $7 million paid to local governments in the form of tax payments. Millions of dollars will also be spent supporting local small businesses during the lifetime of the project, which will create 60 construction jobs and host two permanent operations positions upon completion. In addition, Flatland is being seen as contributing to national energy security for the state of Arizona, as well as the broader United States, helping diversify domestic power supply.

This is SRP's second project in partnership with EDPR NA. The first, Brittlebush Solar Park, provides 200 MW of solar energy to SRP customers. The Flatland Energy Storage Project is located within the Brittlebush Solar Park. The location will allow the battery to store energy from the grid or from the solar facility to best match the output to times of highest customer demand.

"We're excited to be partnering with SRP on the largest utility-scale storage project in the EDP Group's global portfolio to date," added Sandhya Ganapathy, CEO of EDP Renewables North America. "Storage is key to modernizing the US power grid and is a requisite in accelerating the adoption of renewable energy, while boosting grid reliability and resiliency."SRP was an early adopter of battery storage technology, which is helping the organization meet growing peak demand and complements firm resources like flexible natural gas to maintain reliable and affordable power for customers. SRP is continuing to develop and deploy safe, cost-effective storage technology as part of the company's commitment to reducing carbon intensity (from 2005 levels) by 82 percent by 2035 and achieving net zero carbon emissions by 2050.

Through its Integrated System Plan, SRP found it will need to at least double the number of generating resources on its power system in the next 10 years to meet increasing energy demand in the Phoenix metropolitan area as it moves forward with the planned retirement of 1,300 MW of coal resources.

SRP currently has nearly 1,300 MW of storage and nearly 3,000 megawatts of carbon-free resources online and serving customers. SRP also has significantly more solar energy and storage capacity under development, which, when operational by 2028, will make nearly half of SRP's generation carbon free.

Multimedia Resources

About EDP Renewables North America 

EDP Renewables North America LLC (EDPR NA), its affiliates, and its subsidiaries develop, construct, own, and operate wind farms, solar parks, and energy storage systems throughout North America. Headquartered in Houston, Texas, with 61 wind farms, 18 solar parks, and eight regional offices across North America, EDPR NA has developed more than 11,200 megawatts (MW) and operates more than 10,200 MW of onshore utility-scale renewable energy projects. With more than 1,000 employees, EDPR NA's highly qualified team has a proven capacity to execute projects across the continent.

For more information, visit www.edpr.com/north-america and follow us on LinkedIn

About SRP

SRP is a community-based, not-for-profit public power utility and the largest electricity provider in the greater Phoenix metropolitan area, serving approximately 1.1 million customers. SRP provides water to about half of the Valley's residents, delivering more than 244 billion gallons of water (750,000 acre-feet) each year, and manages a 13,000-square-mile watershed that includes an extensive system of reservoirs, wells, canals and irrigation laterals.

Media Contact:EDP Renewables North America (EDPR NA)

Tom Weirich

c: 281-825-2771

e: [email protected]

SOURCE EDP Renewables North America