Axium Inaugurates Crimson Storage

Axium and Canadian Solar subsidiaries announce that Crimson Storage, the autonomous energy storage project, is now operational.

Share:

Axium and Canadian Solar subsidiaries announce that Crimson Storage, the autonomous energy storage project, is now operational.

An energy storage project

Axium and Canadian Solar subsidiaries announce that Crimson Storage has a capacity of 350MW/1400MWh. The project is located in Riverde County, California, USA. The two companies own 80% of the project and its developer, Recurrent Energy, retains 20%.

Crimson Storage is the world’s largest battery storage project to go live in a single phase. In addition, it is also the second largest energy storage project currently in operation. Finally, the project holds two long-term energy storage contracts.

These contracts involve two California utilities, Southern California Edison and Pacific Gas and Electric Company. The first one has a contract of 200MW/800 MWh for a duration of 14 years and 10 months. The second contract is for 15 years for 150 MW/600 MWh.

A political approval

Recurrent Energy and Axium will operate the battery system in the wholesale electricity market in California. The company markets 2, GWh of energy storage projects under construction or operation. In addition, the firm has an additional 15GWh pipeline of energy storage projects in development.

The Crimson Storage project received final approval from the Bureau of Land Management in May 2021. The project, by Axium and Canadian Solarest subsidiaries, is the first to receive this approval under the Biden-Harris administration. In addition, it will add $30 million in property tax revenue to the local community during its operation.

Crimson Storage will distribute enough electricity to power more than 47,000 homes annually. It will eliminate up to 275,000 tons of carbon dioxide emissions each year. Thus, this figure represents more than 53,000 cars in circulation.

  • Populaires ​
HyperStrong and Repono launch 1.4 GWh of energy storage in Europe by 2027
Q ENERGY raises €109 million from BPCE Energeco for renewable projects
Atmos Renewables finances major energy storage project in Australia
Badenova invests $4.64 billion to transform its energy infrastructure by 2050
Geothermal investment jumps 85% driven by new technologies
EDF Power Solutions wins major energy storage contract in Japan
EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.
Eos Energy secures additional $22.7mn to strengthen US production capacity
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
Global investments of $1.2 trillion needed for energy storage by 2034
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
Globeleq closes $300 million financing for landmark project
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.
Matrix Renewables signs 22 MW energy storage contract in California
Matrix Renewables and Pioneer Community Energy have signed an energy capacity contract for a 22 MW battery storage project in Kern County, operational from early 2026.
Ignitis begins construction of three energy storage parks in Lithuania
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
Alinta Energy launches construction of the first Reeves Plains Energy Hub battery in Australia
Alinta Energy has appointed GenusPlus Group to build the first phase of the Reeves Plains Energy Hub Battery, a high-capacity storage facility designed to support grid stability in South Australia.
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
A partnership between Indonesia Battery and Contemporary Amperex Technology aims to launch a lithium-ion battery plant in Indonesia by the end of 2026, with a 6.9 gigawatt-hour capacity and planned expansion.
State Grid completes energy storage compartment at Tongli substation in Wuzhong
State Grid Wuzhong Power Supply Company announces the completion of the energy storage compartment at Tongli substation, a key step for the upcoming integration of a 300 MW shared storage power plant in Ningxia.
Globeleq launches South Africa’s largest energy storage facility
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Global microgrid market to reach 191 billion dollars by 2033
Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.
Energy storage: Historic growth in the United States despite regulatory uncertainty
The U.S. energy storage market set a historic record in early 2025, surpassing 2 GW installed in the first quarter despite increasing uncertainty regarding federal fiscal policies and tax credits.
Morocco: COBCO Starts Production of Materials for Electric Vehicle Batteries
The Sino-Moroccan joint venture COBCO has begun manufacturing essential lithium-ion battery components at its Jorf Lasfar plant, targeting a final annual capacity of 70 GWh, enough to equip one million electric vehicles.
Trianel deploys 900 MW battery to bolster German grid flexibility
Trianel teams with BKW and Luxcara to build a 900 MW lithium-iron-phosphate storage park in Waltrop, the first phase of a complex that could reach 1.5 GW and stabilise the German grid.
Blue Whale Energy installs 8 MWh of sodium-ion batteries on Southeast Asian urban rooftops
Blue Whale Energy partners with UNIGRID to deploy behind-the-meter storage systems adapted to constrained commercial and industrial urban areas in Southeast Asia.
Foreign Investor Submits Offer for Northvolt Following Bankruptcy
Northvolt, recently placed under judicial administration, has received an indicative offer from a foreign investor to acquire its Swedish assets, signaling a potential imminent restart of its battery production units.
Jinko ESS and Metlen sign 3GWh battery storage deal for Chile, Europe
The frame agreement aligns Jinko ESS’s utility-scale storage technology with Metlen’s development pipeline, unlocking more than 3GWh across Chile and Europe while reducing delivery risk for grid operators.
Viridi secures UL 9540 certification after public fire test
Buffalo-based Viridi has obtained the cETLus mark for its RPS150 system, meeting the UL 9540 standard only days after a public battery fire-containment demonstration.
Tesla Signs $560 Million Contract for Electricity Storage in China
Tesla is building a giant electricity storage facility in Shanghai, China, signing a $560 million contract to meet growing demands on the urban electricity grid.
Envision Energy wins French 120 MW energy storage contract
Envision Energy signs a turnkey contract with Kallista Energy for a 120 MW / 240 MWh energy storage project in Saleux, Hauts-de-France, marking its entry into France’s stationary battery market.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS