US solar and storage developer Nexamp is to deploy its maiden energy storage projects, clinching a six-strong portfolio of assets totaling 51MWh.
The half-dozen sites are located throughout New York and Massachusetts, and will be backed by economic incentives made available under the NY-Sun, VDER and MA Smart schemes.
Nexamp proved particularly successful in the NY-Sun program, bagging 40% of the overall capacity available under block one of the scheme.
The new projects will build on Nexamp’s established presence in the US east coast’s solar industry, having brought to market a number of ground-mount solar installs in both states in the past.
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New York has emerged as among the most desirable destinations for energy storage investments after the state pledged US$280 million of funding towards energy storage in a bid to stimulate the market, while also establishing a target of 3GW of storage capacity by 2030.
Nexamp has enrolled Chicago-based end-to-end storage development company IHI Energy Storage as a non-exclusive equipment supplier for portfolio.
Nexamp said the firm’s initial projects represented a “significant step forward” in its strategy, and the firm’s VP of new market development Ben Downing hailed energy storage developments as the “key next step” to solving climate change.
