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Alpha Omega Power Acquires 100MW CAISO Battery Storage System in Partnership with Fengate Asset Management

Dec 03, 2024over 1 year ago

Contract Type

partnership

CaliforniaEnergyRenewable EnergyBiomass Energy

Description

Alpha Omega Power has acquired and raised financing for the Caballero battery energy storage project, a 100MW / 400MWh battery in Nipomo, California, in partnership with Fengate Asset Management. The project aims to provide enough energy to power over 100,000 homes for up to four hours daily during peak electricity demand periods, bringing clean energy and grid reliability to San Luis Obispo County and the California ISO (CAISO) market.

Company Information

Company

Alpha Omega Power

Location

California, United States

About

Alpha Omega Power (AOP) is a utility-scale renewable energy developer, owner, and operator.

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months