Miami, FL – July 1, 2025: Matrix Renewables, the TPG Rise-backed global renewable energy platform, and Pioneer Community Energy, a not-for-profit electricity provider headquartered in Rocklin, California, today announced the signing of a Resource Adequacy capacity contract that covers 22 MW of capacity from the Alamo Battery Energy Storage project, located in Kern County, California, USA. The Alamo facility is expected to begin commercial operations in the first half of 2026.
This contract represents another step forward in Matrix Renewables’ strategy to scale energy storage across the U.S. The company currently has more than 1 GW of battery storage projects under development in California alone.
“This agreement marks another milestone as we grow our battery energy storage footprint in California,” said Chris Matthew, Chief Commercial Officer at Matrix Renewables. “Our investment reflects our confidence in the state’s clean energy future and the essential role energy storage plays in enabling it. We look forward to continuing to serve CCAs (Community Choice Aggregation) and other load-serving entities with reliable, emissions-free capacity.”
“Matrix is committed to building strong, long-term relationships in the communities where we operate, and the Alamo project supports economic development in Kern County,” explained Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables.
“Pioneer is proud to partner with Matrix Renewables to secure clean power that increases reliability for the California power grid,” said Vice Chair of Pioneer Community Energy’s Board of Directors and Rocklin City Councilmember Greg Janda. “Not only does this agreement help ensure sufficient energy supplies, but it also supports low-cost energy and provides essential reliability for our customers, when it is needed most.”
In the U.S., Matrix has a portfolio exceeding 8.9 GW of renewable energy and battery storage projects in operation and in various stages of development, spanning five regional markets: CAISO, MISO, SPP, ERCOT, and WECC. Globally, Matrix’s portfolio surpasses 15.5GW of solar power, battery storage, and green hydrogen projects.
About Matrix Renewables
Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $28 billion impact investing platform. Matrix Renewables´ current portfolio is comprised of over 15.5GW in renewable energy, storage, and green hydrogen projects in Europe, North America, and Latin America.
For more information, visit www.matrixrenewables.com or send an email to media@matrixrenewables.com.
ABOUT PIONEER COMMUNITY ENERGY
With an A- issuer credit rating from S&P Global and an A+ accreditation from the Better Business Bureau, Pioneer is a community-owned, not-for-profit electricity provider serving unincorporated Placer and El Dorado counties and the incorporated areas of Auburn, Colfax, Grass Valley, Lincoln, Loomis, Nevada City, Placerville, and Rocklin. Pioneer serves a population of nearly one million with nearly 175,000 residential and commercial meters and powers the communities it serves with competitive rates, exceptional local service, and a choice in energy options.
