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.
Purchase Enables ENGIE to Unlock More Value From Distributed Storage and Solar Portfolios
HOUSTON, July 31, 2019 /3BL Media/ – Houston – ENGIE North America Inc. announced the acquisition of Genbright LLC of Hingham, MA, a company pioneering the integration of distributed energy resources into wholesale electricity markets. The purchase enables ENGIE and its DER businesses, including ENGIE Storage, to further the adoption and growth of DERs within markets throughout the United States.
For years, people have known Green Charge as one of the industry’s most respected energy storage companies. Without much fanfare, we spent years honing our GridSynergy™ energy storage solution to help commercial customers reduce their energy costs, and partnering with solar providers and EV charging companies to power the world more sustainably and efficiently.
DER continue to drive change within the electric industry
Distributed energy resources (DER) continue to drive change within the electric industry as both energy consumers and electric service providers are diversifying how electricity is generated and delivered. Spawned by the public embrace of clean energy, falling prices, and regulatory subsidies, solar photovoltaics, battery energy storage, and microgrids are being deployed in more places across the electric system.