{"id":5695,"date":"2025-03-11T13:38:49","date_gmt":"2025-03-11T13:38:49","guid":{"rendered":"https:\/\/www.clearwayenergygroup.com\/?post_type=press_release&#038;p=5695"},"modified":"2025-07-17T18:26:14","modified_gmt":"2025-07-17T18:26:14","slug":"clearway-closes-financing-and-begins-construction-on-605-million-grid-enhancing-battery-energy-storage-portfolio-in-utah","status":"publish","type":"press_release","link":"https:\/\/www.clearwayenergygroup.com\/press-releases\/clearway-closes-financing-and-begins-construction-on-605-million-grid-enhancing-battery-energy-storage-portfolio-in-utah\/","title":{"rendered":"Clearway Closes Financing and Begins Construction on $605 Million Grid-Enhancing Battery Energy Storage Portfolio in Utah"},"content":{"rendered":"<ul>\n<li style=\"font-size: clamp(1.38rem, 0.87vw + 0.96rem, 2rem)\">The Honeycomb portfolio totaling 320 MW battery energy storage will provide cost-effective, reliable, and dispatchable energy for the PacifiCorp service territory<\/li>\n<li style=\"font-size: clamp(1.38rem, 0.87vw + 0.96rem, 2rem)\">Located adjacent to operating solar plants in Iron and Beaver counties<\/li>\n<\/ul>\n<p><span data-contrast=\"none\">SAN FRANCISCO \u2013 Today, Clearway Energy Group (\u201cClearway\u201d) announced that it closed financing and began construction on its Honeycomb portfolio, which comprises four battery energy storage systems (BESS) projects adjacent to an operating solar energy portfolio owned and operated by Clearway. Each 80-megawatt (MW) project will use four-hour Tesla batteries and collectively store up to 1,280 MWh of dispatchable power.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cClearway has been operating clean and reliable energy assets in Utah since 2008. We are proud to expand our presence and economic commitment in Utah with the Honeycomb portfolio, which will bring our total fleet in the state to 869 megawatts. The Honeycomb battery energy storage systems represent not only a major investment in grid stability in Utah, but also advances Utah\u2019s goal of energy security for the state,\u201d <\/span><b><span data-contrast=\"none\">said Steve Ryder, Chief Financial Officer for Clearway.<\/span><\/b><span data-contrast=\"none\"> \u201cWe value our partnerships with our financial partners, PacifiCorp, and the Iron and Beaver County communities for their collective support in bringing reliable, dispatchable power to the region.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cUtah has long been a leader in energy innovation, and the Honeycomb BESS portfolio is another step forward in delivering clean, reliable, and dispatchable power to our communities,\u201d <\/span><b><span data-contrast=\"none\">said U.S. Senator John Curtis (R-UT).<\/span><\/b><span data-contrast=\"none\"> \u201cBy expanding battery storage capacity right here in our state, Clearway Energy Group is driving solutions that strengthen both our economy and our environment.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Honeycomb is contracted with PacifiCorp under a 20-year toll agreement that provides the utility with dispatchable, reliable power.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">To finance the $605 million portfolio, Clearway assembled a bank consortium consisting of KeyBanc Capital Markets Inc., CoBank ACB, DNB Bank ASA, New York Branch, U.S. Bancorp Impact Finance (a U.S. Bank subsidiary), National Australia Bank Limited, Bank of America, National Association and Norddeutsche Landesbank Girozentrale, New York Branch.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Clearway partnered with Rosendin on the project\u2019s construction, which will create up to fifty above-prevailing-wage jobs. Approximately 15 percent of total worked hours will be fulfilled by apprentices.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">&#8220;Beaver County continues to lead in renewable energy innovation, and the implementation of a Battery Energy Storage System (BESS) is a testament to that commitment,\u201d <\/span><b><span data-contrast=\"none\">said Jen Wakeland, Strategic Development Director in Beaver County.<\/span><\/b><span data-contrast=\"none\"> \u201cBy integrating advanced storage solutions, we maximize the value of our renewable energy resources, ensuring reliability, efficiency, and long-term sustainability for our community and beyond.&#8221;\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Once operating, Honeycomb will contribute $60 million in property and sales taxes to the local community over the life of the projects to support area schools, hospitals, and other public services.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The projects will reach commercial operations in 2026.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Honeycomb portfolio totaling 320 MW battery energy storage will provide cost-effective, reliable, and dispatchable energy for the PacifiCorp service territory Located adjacent to operating solar plants in Iron and [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":5697,"template":"","class_list":["post-5695","press_release","type-press_release","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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