Renewable energy developer Strata Solar sent an update on its landmark Ventura Energy Storage (VES) project — a 100-MW, 400-MWh battery energy storage system in unincorporated Ventura County, Calif. Strata awarded an Engineering, Procurement and Construction (EPC) contract to Tesla for its Megapack battery system.
Pre-construction development is now complete. Construction, using local union labor, is scheduled to commence in July 2020. As the largest project selected in the paradigm-shifting solicitation by SCE, the project is helping Southern California to move away from the Aliso Natural Gas Storage facility and coastal power plants without compromising reliability.
“This precedent setting project is a testament to Strata Solar’s 12 years of success in the energy industry and our commitment to battery storage development as a core business line,” said Strata’s founder and CEO Markus Wilhelm. “We focus on smart development, value for our customers and strong returns for our investors with a team that has the experience to deliver market-leading results.”
Following a breakneck development effort, the project recently completed entitlements and finalized all necessary commercial agreements. Equity interest in the Project is scheduled to close in the second quarter. The substantial investment in Ventura’s energy infrastructure would not be possible without the numerous local stakeholders and supporters committed to the Project’s success.
“I’m excited to see this project moving forward,” said Mike Powers, Ventura County CEO. “Given the disruptions taking place during this time, Planning Department staff has done a great job, approving the project during the County’s first virtual Planning Administrative Hearing. The Project will help to ensure local energy reliability, and in the event of a Public Safety Power Shutoff the facility will convey stored energy to the grid, providing power to our local homes and businesses.”
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