Broad Reach Power closes acquisition of Cascade Energy Storage Project from Enel

Broad Reach Power has completed the acquisition of the 25 megawatts (MW)/100 megawatt-hour (MWh) front-of-the-meter Cascade Energy Storage project located outside of Stockton, California from a subsidiary of Enel.

Cascade had been developed by Enel and was selected by PG&E to provide resource adequacy under a 20-year agreement signed in 2017. Broad Reach expects to continue the development and begin construction next year to bring the project online in 2022.

The Cascade Energy Storage Project joins Broad Reach Power’s rapidly growing portfolio of battery assets in Texas, where Broad Reach is the leading owner of standalone storage projects in the ERCOT interconnection queue, and across the western United States where the company has more than 700 MW of projects with signed interconnection agreements.