74 Power Global and Con Edison have signed a seven-year shipping rights agreement for the development of a 100 MW energy 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 rented to 174 Power Global under a long-term contract. The new energy storage system represents a refurbishment of the Charles Poletti power plant and supplies the New York electricity grid with a clean energy source.
“New York is an important market for 174 Power Global as the state is committed to clean energy,” said Dr. Henry Yun, President and CEO of 174 Power Global. “We are proud to be selected by Con Edison for this project and look forward to working together to bring clean power, as well as other regional power and economic benefits, to the Astoria community and the state in general.”
“Supply-scale battery storage will play an important role in New York’s clean energy future, particularly in New York City, where it will help maximize the benefits of offshore wind power,” said Tim Cawley, president of Con Edison. “This project with 174 Power Global will help displace fossil fuel generation when electricity needs are highest.”
East River’s energy storage system is designed to meet peak electricity demands and ensure grid reliability by providing reactive power, voltage backup and frequency stability to the New York area, further accelerating the transition to a sustainable energy future. Supply-scale battery projects in New York City are needed to incorporate more of the renewable power generation that is currently being developed.
“The New York Power Authority is committed to advancing clean energy technologies and supporting initiatives that reduce greenhouse gas emissions and contribute to a healthier environment,” said Gil C. Quinones, president and CEO of NYPA. “An additional development of energy storage, especially long-term storage, is the key to the further growth of renewable energies such as water, wind and sun, in order to meet our peak demand for energy and to give the electricity of the state of New York more flexibility and reliability grid. We are happy to have played a role in this project. This adaptive reuse of this land will help create another clean energy project that will take us another step forward in meeting our aggressive climate governance goals. “
The energy storage system is expected to go into commercial operation on January 1, 2023. The project will be approved and built in accordance with applicable regulations in New York State.
NYPA in White Plains recently presented a lithium-ion energy storage project with 250 kWh, which was partially funded by NYSERDA as a demonstration project for the further use of energy storage.
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