An energy storage site. Greater Phoenix is home to several leaders in the industry.
An energy storage site. Greater Phoenix is home to several leaders in the industry.

Energy Storage

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

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.

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

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.

Contact Us