MONTREAL 鈥� Innergex Renewable Energy Inc. says its San Andr茅s battery energy storage facility in northern Chile has started operations.
The company says it is located on the site of its existing San Andr茅s solar facility.
During the day, the battery storage facility stores surplus solar energy that is later used in the evening and early mornings.
Innergex says the San Andr茅s battery facility is expected to generate annual revenue in a range of $8.2 million to $10.9 million.
Operating, general and administrative expenses for the facility are expected to reach $500,000 in the first full year of operation.
Innergex has operations in Canada, the United States, France and Chile.
This report by The Canadian Press was first published May 21, 2024.
Companies in this story: (TSX:INE)
The Canadian Press
