Enel X and Ardian are forming a joint venture to manage battery storage projects and support the acceleration of the development of similar projects in Canada.
Enel X is a company that provides products and services aimed at energy transformation,and Ardian is a private investment house.
Under the agreement, a dedicated vehicle company, 80% owned by Ardian Infrastructure and 20% by Enel X, has been constituted to manage the battery storage projects in Canada currently included in the joint venture for around 30 MW of capacity.
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. Through the partnership, Enel X will continue to construct, operate, and maintain these projects and will be responsible for the development of future projects.
The deal is part of Ardian’s ongoing commitment to invest in new technology and clean energy assets with the aim to create a more sustainable energy market and address climate change.
Enel X said in a statement that battery storage systems are essential for the transition towards a decarbonized energy system and through its partnership with Ardian Infrastructure, the company aims to support the expansion of innovative energy efficiency solutions in the North American market.
