Nexamp riding New York, Massachusetts battery boom with flurry of new projects

By Liam Stoker
Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email
New York is among the US’ hottest energy storage markets at present.

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.  

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.

Read Next

August 10, 2022
The first battery energy storage system (BESS) in New York City using Tesla Megapacks, a 12MWh system in the Bronx by NineDot, has been inaugurated.
August 3, 2022
Research firm Wood Mackenzie has downgraded its forecasts for US demand for energy storage in 2022 and 2023 by around one-third, in its most recent global outlook report.
July 18, 2022
Developers of two large-scale battery projects in Massachusetts have appeared before the public at Energy Facilities Siting Board hearings.
July 13, 2022
Energy asset developer Rise Light & Power will redevelop its 2,480MW Ravenswood Generating Station – New York City’s biggest power plant – as a new renewable energy hub including on-site energy storage.
July 13, 2022
Syncarpha Capital enters partnership for solar and solar-plus-storage in New England, with Rosemawr Sustainable Infrastructure Management.

Most Popular

Email Newsletter