Excerpt from Fluence Press Release:

AES, Fluence to Provide 10-megawatt, 4-hour Duration Solution

PHOENIX – Salt River Project (“SRP”) today announced contract execution and the start of construction with The AES Corporation (“AES”) for SRP’s first standalone battery-based energy storage project. The 10-megawatt, four-hour duration energy storage solution, to be supplied by Fluence, will provide peaking capacity that will inject power into the grid during high peak demand periods for SRP customers.

The 10-megawatt project, to be built in Chandler, was procured as part of an SRP initiative to learn more about grid-scale battery storage so that SRP will be better prepared to implement battery storage technology at an even larger scale in the future.

“Energy storage is already providing a wealth of services to central Arizona’s grid through other deployments, from supporting the growth of renewables to boosting reliability on transmission and distribution grids,” said Mike Hummel, SRP’s General Manager and Chief Executive Officer. “This latest investment will add needed much-needed efficiency and value for our more than 1 million electric consumers.”