Trouble in Your Tank: Causes of Plating Voids, Pre-electroless Copper
Dan’s Biz Bookshelf: ‘Growth Hacker Marketing’
Happy’s Tech Talk #38: Novel Metallization for UHDI
Power Sustainable Invests in EDF Renewables North America Solar and Storage Project
August 29, 2024 | BUSINESS WIREEstimated reading time: 1 minute
Power Sustainable Energy Infrastructure Inc. (PSEI), the renewable energy infrastructure investment group of Power Sustainable (PS), and EDF Renewables North America (EDF Renewables), announced the phase 1 closing of a strategic investment whereby PSEI acquired a 50-percent stake in the Desert Quartzite Solar+Storage Project. This investment was executed together with Potentia Renewables Inc, (Potentia), PSEI’s integrated developer and operator. The final phase of the investment will close upon the project’s completion and commercial operation.
Desert Quartzite, located in Riverside County, California, is currently under construction, and will represent 300 megawatts (MW) of solar generation, combined with a 150 MW/4-hour battery energy storage system (BESS). The electricity generated will be delivered to Clean Power Alliance, the Community Choice Aggregator serving 35 communities in Los Angeles and Ventura Counties, under a 20-year power purchase agreement (PPA). Construction is expected to be complete by year-end, with long-term operations and maintenance performed by EDF Renewables’ Asset Optimization team.
“We are thrilled to be expanding our presence in the California utility-scale market,” said Pierre-Olivier Perras, Managing Partner at Power Sustainable Energy Infrastructure. “The swift and collaborative process was a testament to our mutual commitment to making this partnership a success. It became evident during our due diligence that the EDF Renewables team is top-notch, and we greatly value the professionalism and expertise each department demonstrated.”
This investment is PSEI’s largest to date, and builds on their inaugural investment in the California utility-scale market last year.
“We are very pleased to announce our first transaction with Power Sustainable Energy Infrastructure,” commented Hamed Baatout, Vice President Divestiture and Portfolio Strategy at EDF Renewables. “It’s wonderful to work with a partner who shares the same vision as us: to decarbonize energy and promote sustainable practices. We are excited to see what we can accomplish together.”
“We are proud to collaborate with Power Sustainable and EDF Renewables on the Desert Quartzite Solar+Storage Project,” said Jeremy Jagt, President, Potentia Renewables. “This investment not only underscores our commitment to expanding clean energy infrastructure in North America but also highlights our dedication to delivering sustainable and impactful energy solutions. Together, we are driving innovation that supports both environmental stewardship and the long-term energy needs of communities.”
Share on:
Suggested Items
Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses
05/02/2025 | Forge NanoForge Nano, Inc., a technology company pioneering domestic battery and semiconductor innovations, announced the successful close of $40 million in new funding.
Hikrobot Integrates Wiferion Technology Into AMRs
04/30/2025 | HikrobotIn the automotive industry, every second counts. AMRs have to work without interruption - charging breaks mean less productivity. Hikrobot, one of the world's leading providers of mobile robotics, therefore relies on Wiferion's wireless charging technology, which has already established itself as the standard in the industry.
Hikrobot Integrates Wiferion Technology into AMRs
04/29/2025 | WiferionIn the automotive industry, every second counts. AMRs have to work without interruption - charging breaks mean less productivity. Hikrobot, one of the world's leading providers of mobile robotics, therefore relies on Wiferion's wireless charging technology, which has already established itself as the standard in the industry.
CCL Design, Ynvisible Announce Strategic Partnership to Deliver Scalable Printed Display Solutions
04/28/2025 | CCL DesignCCL Design will integrate Ynvisible's proprietary display technology into its global manufacturing infrastructure and technology portfolio.
Candor Elevates PCB Fabrication Services with Continued Facility Upgrades
04/28/2025 | Candor CircuitsOntario-based circuit board manufacturer, Candor Circuit Boards has recently completed a series of facility upgrades to improve their PCB offerings. These investments will allow Candor to provide higher volumes of complicated boards more efficiently with better yield. The new technology has allowed the company to take on exciting high technology projects and collaborations in industries such as Military and Aerospace, Medical, Energy and more.