Ormat to start construction of 2 battery storage systems in New Jersey

Author: Portland General Electric. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

April 17 (Renewables Now) - US geothermal company Ormat Technologies Inc (NYSE:ORA) said on Monday that one of its units will begin construction work on two 20-MW/20-MWh utility scale battery energy storage systems (BESS) located in New Jersey.

Ormat, through wholly-owned subsidiary Viridity Energy Solutions Inc, will finance, construct, own and operate the two in-front-of-the-meter projects. It will use Dynapower inverters and LG Chem modules, while Viridity’s VPower software will provide the visualisation, optimisation, economic value stacking and automated control of the BESS.

The two facilities are expected to go online in the fourth quarter of the year. They will be used to provide ancillary services to assist regional transmission organisation (RTO) PJM Interconnection in balancing the electric grid. Next year, the two systems are seen generating average revenues of between USD 7 million (EUR 5.6m) and USD 8 million, mainly from ancillary services.

Also on Monday, Viridity announced a 1-MWh behind-the-meter project for the Atlantic County Utility Authority (ACUA).

(USD 1.0 = EUR 0.806)

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription