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Con Edison Selects Developer, Owner For 100 MW Battery Storage
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174 Power Global and Con Edison today announced the signing of a seven-year dispatch rights agreement for the development of a 100-megawatt battery storage project: the East River Energy Storage System, in Astoria, Queens.
174 Power Global will build and own the battery system. The facility will be located on land owned by the New York Power Authority (NYPA) and leased under a long-term contract to 174 Power Global. The new energy storage system represents a redevelopment of the Charles Poletti Power Plant property
The companies have a seven-year contract under which Con Edison will bid power from the battery system into the state's wholesale market. "Con Edison and its customers will get the benefit of the revenues from the sales into the wholesale market during the contract term," Con Edison said
At the end of the contract, 174 Power Global will dispatch the power into the state's bulk power transmission system.
The energy storage system is expected to achieve commercial operation on January 1, 2023.
174 Power Global won the project by responding to a request for proposals that Con Edison issued in July 2019.
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December 16, 2020
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Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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