Copenhagen Infrastructure Partners (CIP), through its flagship fund CI V, has acquired 100 per cent stake in the Beehive battery energy storage system (BESS) from EDF Power Solutions North America. The project has a capacity of 250 MW with a four-hour duration, equal to 1,000 MWh, and is located in Peoria, Arizona. Construction for the project began in early 2025 under EDF, and CIP will now oversee the remaining work.
The project is supported by a 20-year tolling agreement with Arizona Public Service Company. Commercial operation of the project is scheduled for the first half of 2026. Additionally, the project is designed to charge from the grid during periods of high renewable generation, store it in a series of batteries, and discharge electricity back to the grid during peak demand.
In May 2025, Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, signed an agreement with ACEN to sell a 25 per cent stake in the 1,000 MW San Miguel Bay offshore wind project located in Camarines Sur, Philippines.
