Copenhagen Infrastructure Partners Expands Energy Portfolio

Copenhagen Infrastructure Partners Acquires Beehive Battery Project

Recently, Copenhagen Infrastructure Partners (CIP) announced its acquisition of full ownership of the Beehive Battery Energy Storage System (BESS), located in Arizona. This significant move is part of CIP's ongoing commitment to expanding its energy infrastructure portfolio through innovative projects. The transaction was facilitated through CIP's fifth flagship fund, CI V.

Project Overview

The Beehive project is designed with a capacity of 250 MW and a duration of 4 hours, amounting to 1,000 MWh of energy storage. Construction has already begun and is expected to be completed with commercial operations launching in the first half of 2026.

Strategic Partnership with APS

A critical component of this project is the 20-year tolling agreement established with Arizona Public Service Company (APS). As the state’s largest energy provider, APS services approximately 1.4 million customers across key areas. The Beehive BESS will help APS effectively manage energy loads during peak demand while capitalizing on renewable energy surges.

Significance of Battery Storage

As electricity demands rise in the Southwest, battery storage solutions such as Beehive are becoming increasingly vital. Tim Evans, a partner at CIP, emphasized the importance of battery storage in facilitating innovation and supporting economic growth. He stated, "With electricity demand rapidly increasing, Beehive will provide essential energy and grid services to residents in Arizona. We are excited to collaborate with the EDF power solutions team to ensure the project's success."

EDF Power Solutions and BESS Technology

This project marks a continuing commitment from EDF power solutions in advancing the BESS sector. The Beehive initiative underscores their dedication to optimizing renewable energy integration and accelerating the energy transition towards a more sustainable future.

Financial Backing and Future Aspirations

CI V recently secured its final closing, surpassing its target by raising over USD 14 billion. This fund strategically invests in diverse energy infrastructure projects across North America, Europe, and the Asia Pacific region, aiming to commit nearly USD 27 billion altogether.

About Copenhagen Infrastructure Partners

Founded in 2012, CIP is recognized as a leading fund manager specializing in greenfield energy investments. Their portfolio includes projects in renewable energy technologies such as solar PV, wind, and battery storage. They have successfully raised approximately USD 37 billion for investment, showing strong support from institutional investors worldwide.

About EDF Power Solutions North America

Alongside CIP's initiatives, EDF power solutions stands out in the North American market as a key player in renewable energy development. Since its inception, it has focused on providing clean energy solutions and has established a robust portfolio with significant contributions to wind, solar, and energy storage projects.

Expert Solutions along the Energy Value Chain

Offering a comprehensive range of solutions, EDF power solutions excels in developing innovative projects, including scalable wind, solar, battery storage, and smart energy systems. The commitment to facilitating reliable, low-carbon energy aims to meet the escalating demands of the modern energy landscape.

Frequently Asked Questions

What is the significance of the Beehive Battery Energy Storage System?

The Beehive BESS assists in managing electricity loads during peak demand and harnesses renewable energy effectively.

How will the Beehive project impact Arizona's energy infrastructure?

It will provide reliable energy and help APS meet current and future energy needs, thereby optimizing grid services in Arizona.

What are the future plans of Copenhagen Infrastructure Partners?

CIP plans to expand its investments in energy infrastructure, focusing on innovative technology and sustainability.

Who are the collaborators in the Beehive project?

The project is a collaboration primarily between Copenhagen Infrastructure Partners and EDF power solutions.

What role does battery storage play in the energy transition?

Battery storage plays a critical role by enabling the efficient integration of renewable energy sources, reducing carbon footprints, and enhancing grid reliability.

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