Advantage Renewables Acquires Three Early-Stage BESS Projects in Michigan from 5 Rivers Energy
Advantage Renewables has acquired a portfolio of three early-stage transmission-level battery energy storage system (BESS) projects in Michigan from clean energy infrastructure company 5 Rivers Energy. The projects are designed to improve grid resilience and support renewable energy integration as Michigan targets 100% carbon neutrality by 2050.
Transaction date:
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Transaction price
- Not disclosed
- Buyer
- Advantage Renewables
- Seller
- 5 Rivers Energy
- Country
- United States
- Region
- Michigan
- Location
- Michigan, USA
- Continent
- North America
- Development status
- Under Development
- PPA
- n.a.
Technology details
Three transmission-level battery energy storage system projects in the early stages of development. Projects are expected to improve grid resilience and support the interconnection of new renewable energy capacity in Michigan. Capacity not disclosed.
Additional information
Purchase price not disclosed. Advantage Renewables is a New Orleans, Louisiana-based solar and energy storage developer backed by Advantage Capital, with over 10 GW of deployed renewable energy capacity. Michigan is targeting 100% economy-wide carbon neutrality by 2050. Seller 5 Rivers Energy is described as a clean energy infrastructure company.
Source
Compiled by Renewables.digital from public announcements.