Real Assets
What started as a routine gas plant procurement ended as a testament to the changing electrical grid. This week, utility Southern California Edison selected a roster of energy storage projects to supply local capacity needs around the coastal city of Oxnard, instead of the 262-megawatt natural-gas peaker plant it had chosen previously. If regulators give their approval, Strata Solar will build and own a 100-megawatt/400-megawatt-hour system in Oxnard, and dispatch it on behalf of SCE.