Akerna: Matrix Renewables Expands Energy Storage with New Capacity Contract
- Matrix Renewables signed a 22 MW capacity contract for the Alamo Battery Energy Storage project, starting in 2026.
- The project enhances Matrix’s energy storage capabilities and supports California’s clean energy goals.
- Matrix Renewables aims to meet growing energy demands with over 1 GW of battery projects in development.
Matrix Renewables Strengthens Energy Storage Strategy with New Capacity Contract
Matrix Renewables, a prominent player in the renewable energy sector, announces a significant advancement in its energy storage capabilities through a newly signed Resource Adequacy capacity contract with Pioneer Community Energy. This contract, which allocates 22 MW of capacity from the Alamo Battery Energy Storage project in Kern County, California, is set to commence commercial operations in the first half of 2026. The agreement underlines Matrix Renewables' ongoing strategy to bolster energy storage solutions across the United States, particularly in a market where demand for reliable and sustainable energy sources is rapidly increasing.
The Alamo Battery Energy Storage project is not just a technical achievement; it represents a crucial step in Matrix Renewables' commitment to California’s clean energy future. Chris Matthew, Chief Commercial Officer at Matrix, notes that the contract marks a pivotal moment in enhancing the company’s battery energy storage capabilities. With over 1 GW of battery projects currently under development in California, Matrix demonstrates its proactive approach to meeting the increasing energy demands while supporting the transition to renewable energy sources. This initiative aligns with California's ambitious clean energy goals, positioning Matrix as a key contributor to the state's energy landscape.
In addition to its environmental benefits, the Alamo project is poised to stimulate economic development in Kern County. Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables, highlights the potential for job creation and local investment as a result of the project. Pioneer Community Energy’s Vice Chair, Greg Janda, shares this sentiment, expressing pride in the partnership aimed at enhancing the reliability of clean power supplies for California's power grid. With a robust portfolio exceeding 8.9 GW of renewable energy and battery storage projects across various regional markets, Matrix Renewables is firmly positioned to lead the charge in the renewable energy transition.
Matrix Renewables operates under the umbrella of TPG Rise, which manages a substantial impact investing platform focused on sustainable energy solutions. The company's global portfolio exceeds 15.5 GW, encompassing solar power, battery storage, and green hydrogen projects, emphasizing its commitment to innovation and sustainability in the energy sector. As the demand for renewable energy solutions continues to grow, Matrix's strategic initiatives, like the Alamo Battery Energy Storage project, are vital for advancing the reliability and sustainability of the energy grid in California and beyond.
