BOSTON A Wakefield solar company that is working on projects that pair solar generation with storage systems has absorbed a firm that specializes in battery storage.
Agilitas Energy last week announced that it had acquired Boston-based New England Battery Storage, which focuses on utility-scale battery storage.
Terms were undisclosed.
Jim Gordon, who previously led the unsuccessful Cape Wind offshore wind project and has since turned his attention to solar power, serves as an adviser to NEBS. Included in the acquisition were two operational ISO-New England merchant battery energy storage systems and one front-of-the-meter battery energy storage system in Maine totaling 25 MWh.
Wakefield, MA (PRWEB) June 03, 2021 Leading northeastern distributed energy developer Agilitas Energy announces its acquisition of Boston-based New England
By:
Andy Colthorpe
There are perhaps four or five US states which have become prolific in their deployment of battery energy storage systems. The growth of large-scale battery systems in places like California, Hawaii, Texas, Arizona and New York might naturally form the bulk of our US project news coverage here at
Energy-Storage.news, but it’s also interesting to hear about what’s happening in regions where that development is still at an earlier stage.
One example is the steady proliferation of batteries paired with renewable generation in states that have long relied on coal. As that era of coal dominance looks set to end, driven as much by economics as any environmental policies, in the last year or so we’ve heard about huge hybrid resources projects of that type in Oklahoma, Wisconsin and Indiana along with smaller projects in Kansas and Ohio.
Dive Brief:
Agilitas Energy has announced plans to install a 3 MW/9 MWh battery energy storage project for the Pascoag Utility District in Rhode Island, replacing a more costly transmission line reconstruction project.
The lithium-ion battery, set to be commercially operable by the second quarter of 2022, will be used for peak shaving during summer months. In other times, the battery will be used to provide ancillary service to ISO-New England.
According to Mike Kirkwood, general manager of the Pascoag Utility District, installing the battery will cost $1.4 million, compared to transmission line repairs that would have cost between $6 million and $12 million. Storage really became the most cost-beneficial solution to what could have been a costly problem, Kirkwood said.
Agilitas Energy is starting pre-construction work of its latest battery energy storage project, a 3 MW / 9 MWh lithium-ion system in Pascoag, Rhode Island. This is the first Battery Energy Storage System to be constructed by Agilitas Energy in Rhode Island and it is planned to enter commercial operation by the second quarter of 2022.
“The battery storage system will allow us to modernize our infrastructure and avoid the more costly re-construction of existing transmission lines. The battery energy storage systems help fulfill our goal to control costs while we assure reliable power,” said Mike Kirkwood, General Manager of the District.
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Eventually, the wide application of energy storage will result in the end-consumers’ power usage cost-savings. The cost of electricity supply will decrease because electricity can be stored at a lower cost when the demand is low and discharged when the demand is high. The cost to deliver the electricity may also be redu