Energy Storage News•21 days ago
BrightNight and Cordelio close on 800MWh Washington state BESS
Key Takeaway
The financial close of this large-scale BESS project in Washington state underscores the growing market viability and successful financing pathways for significant battery storage deployments, crucial for grid modernization and clean energy goals.
AI Summary
- •BrightNight and IPP Cordelio Power have reached financial close for the 200MW/800MWh Greenwater BESS in Washington state.
- •This project represents a significant investment in large-scale battery storage, enhancing grid reliability and stability in the Pacific Northwest.
- •The successful financing demonstrates the viability of substantial BESS projects, driven by state-level clean energy policies and the increasing demand for flexible grid resources.
- •For developers, it highlights a clear pathway for securing capital for major storage deployments; for large loads, it signals improved grid resilience and potential for more stable power prices.
Topics
emissionsfinancinginterconnectpolicyppastoragetransmission