Ares Infrastructure and Power has signed off on a partnership with Dimension Renewable Energy that will see both parties build and develop a portfolio of 300 MW/ 12 MWh worth of utility-scale battery energy storage projects in the state of New York. This portfolio of projects includes a diverse mix of installations across the state, including project sites on Long Island and PTR sees this as a major step forward in the state’s target of 3000 MW of energy storage by 2030. The project also adds to Aress strategy of more than 60 investments in the climate infrastructure sector. Link to the news: https://ares.q4ir.com/stock-information/annual-letters/news-details/2020/Ares-Management-and-Dimension-Renewable-Energy-Announce-Plan-to-Develop-and-Build-Portfolio-of-Utility-Scale-Battery-Energy-Storage-Projects/default.aspx
