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Bridging Pennsylvania Partners achieves key milestone in PA Major Bridge P3 Program

Bridging Pennsylvania Partners (BPP), a consortium comprised of Macquarie Capital and S&B USA Concessions – through their affiliate Bridging Pennsylvania Developer I LLC (BPD1) – has reached financial close with the Pennsylvania Department of Transportation (PennDOT) for the first package of its Major Bridge P3 program (“the Program”) to replace six bridges across the state out of nine bridges included in the Program.

Bridging Pennsylvania Partners Achieves Key Milestone in PA Major Bridge P3 Program

Bridging Pennsylvania Partners Achieves Key Milestone in PA Major Bridge P3 Program

Tesla Megapacks power one of the largest battery storage system in US

Tesla Megapacks power one of the largest battery storage system in US Arevon Asset Management activated the 100MW/400 MWh Saticoy battery energy storage system. 142 Tesla Megapacks power their battery energy system. The power produced by this battery system is enough to power the entire city of Oxnard for four hours. And is considered as one of the largest in the United States. Image credits- Teslarati Strata Solar developed the Saticoy clean energy project. The project was completed in 9 months. Arevon acquired 51% of the Strata Solar. And the rest, 49%, is owned by S&B USA Energy. Additionally, the megapacks used in these projects were made for giga-scale projects. The largest megapack that took 3-acre space earlier was planned to be used for a gas plant. Also, the land is located in Ventura County, California. In the last earnings call, Tesla’s CEO and founder Elon Musk talked about the importance of installing battery packs and power for local residential levels.

Large-scale battery storage plant chosen by California community as alternative to gas goes online