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Copenhagen Infrastructure Partners (CIP) has acquired full ownership of the 1GWh Beehive battery energy storage system (BESS) project in Arizona, US, from EDF Renewables North America.
The 250MW/1,000MWh project is located in Peoria, Arizona. CIP will manage the BESS through the remainder of construction, and commercial operation is expected in the first half of 2026.
Beehive has a 20-year tolling agreement with utility Arizona Public Service Company (APS). The offtake deal with APS was signed in November 2024.
CIP says the project supports APS in managing a growing energy and capacity demand by receiving energy from the power grid during periods of high renewable penetration, storing it in a series of batteries, and discharging electricity back into the power grid at peak demand hours.