April 14, 2022
Massachusetts’ municipally-owned utility firm Holyoke Gas & Electric (HG&E) will probably be including a battery storage system to stabilize prices and insulate towards rising energy costs. The battery storage system, an AI-powered 5 MW/15 MWh unit from Convergent Energy + Power, is projected to come back on-line in Holyoke, MA in 2023.
Convergent will personal and function the battery, which will probably be managed by its PEAK IQ software program. Convergent’s battery storage system for HG&E will dispatch at strategic occasions, storing energy when it’s least expensive and cleanest and discharging energy to displace the most costly and carbon-intensive durations.
“HG&E is constantly seeking sustainable and innovative energy solutions that will help keep rates stable for our customer base,” says Jim Lavelle, HG&E’s Manager. “We are excited to add another energy storage system to HG&E’s portfolio, in partnership with Convergent Energy + Power.”
Convergent has over a decade of experience in financing, proudly owning, and working energy storage property, each for industrial/industrial and utility clients, and is among the unique gamers within the energy storage sector. The firm has over $400M invested in tasks in operation or allotted to tasks beneath improvement throughout North America.
“By building energy storage in local communities, we can insulate them against rising energy costs as well as increase renewable energy effectiveness across the grid,” says Johannes Rittershausen, CEO, Convergent Energy + Power. “We are proud to partner with HG&E, which has shown a deep, ongoing commitment to its community and continues to set a positive example for its peers by deploying innovative solutions.”
Convergent’s energy storage system would be the third battery storage venture for HG&E.
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Tags: Convergent Energy, utility-scale