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Energy storage is the next frontier in making a renewable and sustainable electric power grid more viable.
A home to leaders in the industry
As an ideal hub for advanced manufacturing, the Greater Phoenix area is already home to several leaders in the energy storage space and SRP has among the largest battery storage investments in the Western U.S.
The region’s dry climate and low risk for natural disasters make headquartering manufacturing operations here an easy choice. Add to that SRP’s rich and dependable history of providing superior service to high load factor customers and you can see why the Phoenix metropolitan area continues to see strong demand for energy storage facilities.
The best value for your energy dollar
SRP offers prices that are among the lowest in Arizona and the region. This includes a new Large Extra High Load Factor (E-67) rate for advanced manufacturing facilities with:
- A minimum load factor of 90%
- A minimum load of 20 megawatts
SRP is making significant investments in solar energy storage to bolster the state’s power grid.
Energy Storage Industry Highlights
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SRP is making significant investments in solar energy storage to bolster the power grid. SRP’s total battery storage capacity will be more than 1,100 MW by the end of 2024. This storage provides system support and can power as many as 240,000 homes for up to four hours.
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Up to $20,000
Refundable Qualified Facility tax credit per qualified employee
Part of the Quality Facility tax credit. Designed to stimulate the creation and expansion of manufacturing factories.
Arizona’s business environment and innovation ecosystem earned top the state a top 5 ranking in 2023, according to Chief Executive Magazine.
Top 5
Best States for Business
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Arizona ranked No. 2 in the nation in solar energy potential, according to U.S. Energy Information Administration.
#2
Arizona's rank in the nation
No. 5
Arizona’s national rank
Arizona ranks fifth among the states in solar-powered electricity generation from solar thermal and large- and small-scale solar PV facilities, according to according to U.S. Energy Information Administration.
Choose SRP Service Areas
#4
Top 100 largest public power utilities by generation
ONE
Of the largest raw water suppliers in Arizona
7.4 M+ MWh
Sustainable portfolio
Expand your business in Phoenix MSA
4.9%
Corporate state income tax rate
10%
Historical Population Growth (2015-2020)
5.1 Million
Population of MSA
48 Million
Annual travelers using our robust transportation infrastructure
Get in touch with a member of our Strategic Economic Services department
Our team of advisors is ready to discuss economic development opportunities for your business in the Phoenix metropolitan area. Feel free to reach us via phone, email, or send is a message.
The Accredited Economic Development Organization (AEDO) Program recognizes the professional excellence of economic development organizations (EDOS) through the International Economic Development Council. The AEDO Program provides EDOs with independent feedback on their operations, structure and procedures. SRP is one of only three utilities to have earned AEDO status.