Macquarie’s Green Investment Group says it will make an investment in esVolta, an Aliso Viejo-based developer and owner of utility-scale energy storage projects across North America.
“The investment will support the continued North American expansion of esVolta and finance its portfolio of over 600 MWh of contracted energy storage projects, primarily in California, and an additional development pipeline of more than 2 GWh,” the companies said in a statement yesterday. No financial amount was disclosed.
EsVolta says its projects provide essential services for electric utilities and large energy users including on-demand capacity, energy arbitrage and ancillary grid support services.
Australia-based Macquarie Group is a global financial services organization operating in 31 markets.
