CIP Acquires 1 GWh Beehive BESS Project in US from EDF
Copenhagen Infrastructure Partners (CIP), through its CI V fund, has acquired full ownership of the 250 MW/1,000 MWh Beehive Battery Energy Storage System (BESS) in Peoria, Arizona, from EDF Power Solutions North America.
August 20, 2025. By Mrinmoy Dey
Beehive is a 250 MW/1,000 MWh storage project located in Peoria, Arizona. Following commencement of construction earlier this year by EDF Power Solutions, CIP will manage the project through the remainder of construction, with commercial operation expected in the first half of 2026.
The project has a 20-year tolling agreement with Arizona Public Service Company (APS) which is serving approximately 1.4 million homes and businesses in 11 of the state’s 15 counties. Beehive is designed to receive energy from the power grid during periods of high renewable penetration, store it in a series of batteries, and discharge electricity back into the power grid at peak demand hours. The BESS thereby supports APS in managing its growing energy and capacity demand.
Tim Evans, Partner and Head of North America at CIP said, “With electricity demand rapidly increasing in the Southwest, we anticipate battery storage will play a critical role in powering innovation and economic growth. Beehive will provide reliable energy and grid services to customers in Arizona and build on CIP’s track record of developing, constructing, and operating energy infrastructure investments across the country.”
The project marks EDF power solutions' second stand-alone energy storage project, underscoring its commitment to innovation and the expansion of expertise in BESS technology. As a vital complement to its core renewable generation business, energy storage has gained increasing importance in EDF power solutions’ portfolio reinforcing the company’s dedication to maximising the potential of renewable energy and accelerating the energy transition, ultimately contributing to the decarbonisation of the economy.
Ryan Pfaff, Executive Vice President, Grid and Distribution-Scale Power at EDF Power Solutions North America remarked, “EDF power solutions actively seeks partnerships across all stages of a project’s lifecycle, with an eye toward both optimising our portfolio and maximising value creation. We value the opportunity to collaborate with CIP on the Beehive project and look forward to working with CIP to ensure the successful completion of this critical large-scale energy storage system to support Arizona’s grid during peak hours.”
EDF power solutions is committed to delivering reliable and affordable low-carbon solutions to meet customers’ carbon-reduction goals while reinforcing American energy dominance. With over 35 years of experience and 23 GW of wind, solar, and storage projects developed, EDF power solutions offers integrated energy solutions ranging from grid-scale power to electric vehicle charging, ensuring a sustainable and resilient energy future for all.
CI V reached final close in March 2025 and exceeded the target of USD 14 billion. The fund invests in energy infrastructure across a range of power generation technologies in North America, Europe, and Asia Pacific, and has a total potential commitment of approximately USD 27 billion.
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