ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

LRE Commences Operations at Chaparral Springs BESS, Advancing a Portfolio of Six Clean Energy Projects in California Totaling 470 MW

By: via Business Wire

The 88 MW Battery Energy Storage facility pairs with solar, strengthens grid reliability and supports California’s growing demand for clean energy.

LRE (Leeward Renewable Energy, LLC) today announced that its 88-megawatt (MW) / 352 megawatt-hour (MWh) Chaparral Springs Battery Energy Storage System (BESS) is now fully operational in Kern County, California. Designed to strengthen grid reliability and deliver flexible, dispatchable power, the BESS is part of a broader, multi-phase initiative that also includes a 174 MW photovoltaic (PV) solar facility—both developed, owned, and operated by LRE. With additional projects slated to come online in the coming months, LRE is expanding its California portfolio to help meet the state’s growing demand for reliable, clean energy. Together, these projects mark a significant milestone in LRE’s expanding California footprint, with six operational clean energy facilities now totaling 470 MW of capacity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506166119/en/

LRE Chaparral Springs Facility, Kern County, California

LRE Chaparral Springs Facility, Kern County, California

Chaparral Springs BESS is a 4-hour energy storage system designed to store solar energy during low-demand periods or when solar production exceeds grid capacity. This stored energy can be dispatched during peak demand or when solar is unavailable, enhancing overall grid stability and flexibility. The energy generated will serve Peninsula Clean Energy and Valley Clean Energy under two 15-year power purchase agreements (PPAs).

“We are proud to partner with the Peninsula Clean Energy and the Valley Clean Energy in bringing Chaparral Springs BESS online,” said Willem van der Ven, Chief Operating Officer at LRE. “This project underscores our continued commitment to helping meet California’s growing demand for clean, reliable, and affordable energy. BESS technologies play a vital role in enabling the broader deployment of utility-scale renewables by delivering clean power when it’s needed most. Our investments across the country reflect the growing need for a diverse, safe energy infrastructure that reinforces grid reliability and meets evolving energy demands.”

LRE’s six operating projects in California now deliver enough clean electricity to power approximately 184,445 homes annually while offsetting nearly 198,410 metric tons of carbon dioxide equivalent emissions each year.

As part of its ongoing commitment to environmental stewardship, LRE signed an agreement with the National Audubon Society and Kern Audubon Society to contribute $150,000 toward research and conservation efforts for the Swainson’s Hawk in the Antelope Valley. (Read more about LRE’s partnership on the Rabbitbrush Solar project here.)

Beyond environmental benefits, the Chaparral Springs project also delivers meaningful economic impact to Kern County—supporting local services through community donations, generating significant sales and property tax revenue, and creating 100 local jobs at the peak of construction. It will continue to contribute to long-term energy affordability and grid resilience for residents and businesses across the region.

“Chaparral Springs BESS helps Valley Clean Energy deliver on its promise to provide clean, affordable, and reliable electricity to the communities we serve,” said Mitch Sears, Valley Clean Energy Chief Executive Officer. “As the energy demand grows for homes and businesses, projects like this are critical for adding carbon-free capacity and improving grid reliability.”

“We are excited to have Chaparral Springs come online as one of our first hybrid solar+storage projects,” said Peninsula Clean Energy Chief Executive Officer Shawn Marshall. “Our customers will benefit from the solar power it generates, along with the added capacity and reliability that comes with the battery component of the project.”

About LRE (Leeward Renewable Energy)

LRE (Leeward Renewable Energy) is forging an American energy future with integrity, innovation, and positive impact. Born in Texas in 2003, we own and operate 30 utility-scale wind, solar, and energy storage projects in local communities across the United States, totaling 4 gigawatts (GW) of generating capacity.

LRE’s ambitious goal of 10GW of operating assets by 2028 will help meet increased U.S. energy demand through our robust pipeline of new projects every year. Domestic jobs and manufacturing are fundamental to our full-lifecycle approach to projects, along with a long-term ownership model and a company culture dedicated to our community partners and protecting the natural environment.

“This project underscores our continued commitment to helping meet California’s growing demand for clean, reliable, and affordable energy."

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.