Enel X and Ardian Infrastructure launch battery storage partnership in Canada
On September 14, 2020, Enel X and Ardian entered into a joint venture to manage Enel X's battery storage projects in Canada and support the acceleration of the development of similar projects in the country.
The battery storage portfolio is composed of ten asset locations throughout Ontario and includes two separate 10 MW/20 MWh projects expected to reach commercial operations in 2021. Under the terms of the agreement, a dedicated vehicle company, 80% owned by Ardian Infrastructure and 20% by Enel X, has been constituted to manage the projects in Canada currently included in the joint venture.
Through the partnership, Enel X will continue to construct, operate, and maintain these projects and will be responsible for the development of future projects.
Further information can be found on Business Wire's website.
Enel X in North America manages over US$10.5 billion in customers' annual energy spend for approximately 4,500 business customers, spanning more than 35,000 sites. The company has approximately 4.7 GW of demand response capacity and over 70 behind-the-meter storage projects in operation or under contract. Enel X's intelligent DER Optimization Software is designed to analyze real-time energy and utility bill data, improve performance, and manage distributed energy assets across a number of different value streams and applications.
Ardian is a world-leading private investment house with assets of US$100 billion managed or advised in Europe, the Americas and Asia.