Briefing on Border Hybrid Energy Center

Border Hybrid Energy Center, a 115 MW natural gas and battery hybrid plant in California, has shown a remarkable 863% increase in generation over the past six months despite a low overall capacity factor.

Overview

• Border Hybrid Energy Center is an operating plant since 2001.

• It is owned by CalPeak Power - Border LLC and CalPeak Power, LLC, with Avenue Capital Group as the parent company.

• The plant is located in California and connected to the CAISO grid.

Fleet Details

• The plant has a total capacity of 115 MW.

• It comprises 2 generators utilizing Batteries and Natural Gas Fired Combustion Turbine technologies.

• The plant's recent generation includes 3 GWh in October 2024, 1 GWh in November 2024, and 0 GWh in December 2024, with an annual generation of 15 GWh.

• The generation trend shows a significant increase of 863% over the past 6 months compared to the prior 6 months, despite a low capacity factor of 1.5%.

Financial Profile

• The Capital Expenditure (CapEx) for the plant is $965/kW.

Comparable and Nearby Facilities

• Similar plants include Lake Mabel Solar and Battery Storage, Wimauma Solar and Battery Storage, and Edwards Sanborn E5.

• Nearby facilities are CalPeak Power Panoche Peaker Plant, Larkspur Energy Facility, and Amazon SAN3 Solar Project.