With generator, makes the island more resilient, defers need for new transmission
WALTHAM, Mass., October 8, 2019 /3BL Media/ – National Grid today unveiled one of the largest battery energy storage resources in the Northeast United States. Built on the island of Nantucket, in Massachusetts, the facility will ensure electric reliability for customers during peak summer months and defer the need for construction of an additional underwater supply cable to the island.
SYRACUSE, N.Y., October 4, 2019 /3BL Media/ – To further its commitment to clean energy and electricity reliability for upstate New York customers, National Grid has opened a competitive bidding process for a minimum of 10 megawatts of energy storage in key locations across the company’s service area. The projects must be in commercial operation by Dec.
As more U.S. states offer incentives for renewable energy investment and costs for solar photovoltaic (PV) panels continue to decrease, it seems utility-scale battery energy storage is positioned to take charge of the next renewables revolution.
By Rudy Wynter, President and COO of the Wholesale Networks and U.S. Capital Delivery group, National Grid
As the cost of energy storage continues to decline, more and more utilities will turn to batteries. According to Bloomberg New Energy Finance, the levelized cost of energy for lithium-ion batteries configured to supply four hours of grid power — a standard requirement for many grid services — has fallen by 74 per cent since 2012. Costs for those batteries is projected to drop even further – by as much as 67 per cent by 2030, the National Renewable Energy Laboratory found in a recent study. Such a precipitous decline will only make storage a more valuable tool for utilities and others.
Strategic Directions Report reinforces the need for the industry to evolve
OVERLAND PARK, Kan., August 13, 2019 /3BL Media/ – Electric utilities are navigating one of the industry’s most dynamic times across diverse geographies and stakeholders, presented with a mix of opportunities as they work to meet changing customer demands along with the need to deliver reliable, resilient power, Black & Veatch’s new 2019 Strategic Directions: Electric Report finds.
OVERLAND PARK, Kan., August 6, 2019 /3BL Media/ – Following the announcement of Black & Veatch’s global Power business restructuring in July, the company today announced the completion of its global Power leadership team. The appointments strengthen the company’s full portfolio of engineering services to full turnkey EPC solutions as clients address the rapidly evolving Power market landscape.
Portfolio to participate in ISO-NE Wholesale Markets
August 2, 2019 /3BL Media/ — ENGIE Storage announced it will supply and operate a 19 MW/38 MWh portfolio of six energy storage sites that will contribute to the Solar Massachusetts Renewable Target Program and participate in ISO-New England wholesale markets.
Improves Returns, Reduces Risk, and Enhances Bankability for Solar + Storage Projects
BOSTON, August 1, 2019 /3BL Media/ — ENGIE Storage has unveiled a new, highly-integrated supply and services offering for developers of in-front-of-the-meter (IFOM) solar and energy storage projects in New England and emerging markets. Comprising energy storage system design support, supply, operations, performance guarantees, and payments for rights to participate in ISO-New England wholesale markets, the offering dramatically improves project economics, reduces risk, and enhances bankability for solar + storage projects.