Fengate and Alpha Omega Power have successfully closed a deal on a 400MWh battery storage project in California, aimed at enhancing the region's energy reliability and supporting renewable energy integration.
Information on the Target
The target of this investment is a state-of-the-art battery storage project, with a capacity of 400MWh, located in California. This facility aims to enhance the reliability and stability of the region's power grid by storing excess energy generated during peak production times and releasing it during periods of high demand.
The battery storage project is a significant step towards achieving California's ambitious renewable energy goals. It is designed to integrate seamlessly with renewable sources of energy such as solar and wind, maximizing their potential and reducing dependence on fossil fuels.
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Industry Overview in California
California is a global leader in renewable energy adoption, with a strong commitment to reducing greenhouse gas emissions. The state has set
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Fengate
invested in
Alpha Omega Power
in 2025
in a Other deal
Disclosed details
Transaction Size: $400M