Eolus has secured an agreement with Aypa Power to sell the up to 120MW Cald battery storage project in the US.
The battery energy storage system, located in Los Angeles, California, is currently in its development stage and commercial operation is anticipated during 2024.
Eolus said that all membership units in the project company have now been transferred over to Aypa.
The company added that it will continue to provide services for the benefit of the project and Aypa through a development services agreement.
Eolus North America country manager Hans-Christian Schulze said: “There is a big need for energy storage in California and we are excited about this deal.
“Cald BESS is an important milestone for Eolus, as it is the first stand-alone energy storage development asset sold by us.
“We are proud to establish this new relationship with Aypa and hope to expand on this in the future.”