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1 GWh Energy Storage Project In Arizona Gets $559 Million In Financing

February 23, 2024

Strata Clean Energy has secured $559 million in financing for its 255 MW/1,020 MWh Scatter Wash battery storage complex. Strata broke ground on the Phoenix, AZ, energy storage project in January of this year. The huge battery storage complex is anticipated to be operating in 2025.

Financial partners/collaborators for the project are J.P. Morgan, Nomura, U.S. Bancorp Impact Finance, CoBank, Korea Development Bank, Norddeutsche Landesbank, Siemens, and Regions.

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