Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.
The New York Public Service Commission (PSC) has approved plans to guide the state to its 2030 energy storage policy target, including solicitations for large-scale battery storage.
Community-scale battery storage developer Ninedot has been supported in purchasing project sites in New York by specialist real estate investment trust SolarREIT.
Energy storage developer NineDot Energy has secured financing from investors including Manulife Investment Management to progress its pipeline of New York projects.
Summit Ridge Energy has commissioned two battery energy storage system (BESS) projects in New York City which will help reduce the grid’s reliance on diesel-fueled generation.
New York state is on course to meet its new 2030 target of 6GW of storage deployment, with storage projects in its interconnection queue growing 50% to 12GW.
Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired pre-operational battery energy storage system (BESS) developments totalling 110MW of power.
Stem Inc has signed a deal for over 110MWh of front-of-meter battery storage systems, as well as related services and software which will enable them to participate in New York’s Value of Distributed Energy Resources (VDER) programme.
To reduce strain on the grid as renewable power and demand both grow, two New York utility companies have awarded contracts for flexible demand management to commercial and industrial (C&I) energy management specialist CPower.
